California Public Resources Code

§ 25720

PRC § 25720 Effective Jan 1, 2001Div. 15 · Ch. 8.2

Statute text

(a)By January 31, 2002, the commission shall examine the feasibility, including possible costs and benefits to consumers and impacts on fuel prices for the general public, of operating a strategic fuel reserve to insulate California consumers and businesses from substantial short-term price increases arising from refinery outages and other similar supply interruptions. In evaluating the potential operation of a strategic fuel reserve, the commission shall consult with other state agencies, including, but not limited to, the State Air Resources Board.

(b)The commission shall examine and recommend an appropriate level of reserves of fuel, but in no event may the reserve be less than the amount of refined fuel that the commission estimates could be produced by the largest California refiner over a two week period. In making this examination and recommendation, the commission shall take into account all of the following:

(1)Inventories of California-quality fuels or fuel components reasonably available to the California market.

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Legislative history

Added by Stats. 2000, Ch. 936, Sec. 1. Effective January 1, 2001.