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California, Here Comes the Cash: Utilities Drop $22.5 Million Against Prop 7

July 23, 2008 - 2:29pm

California utilities have recently given more than $22 million to stop Prop 7, Peter Sperling's measure on renewable fuels, according to the Sacramento Bee. Proponents of Prop 7 are highlighting the utility money, in part to make the fight appear to be between advocates of alternative fuels and the utilities. But despite strong early polling, the measure has united people -- in opposition, including both political parties, labor and business, and environmentalists (who like the goal but think the initiative is poorly drafted).

With this amount of money coming into the race early, and deep pockets on both sides, this could easily be a $50 million campaign. And with the oilman Boone Pickens launching Prop 10 to subsidize his own investments in natural gas, California could easily see $100 million spent for and against the two energy measures. With big money campaigns expected around Prop 2 (the animal confinement measure), Prop 8 (ban on gay marriage), and perhaps redistricting (Prop 11), this year could see spending of more than $200 million on initiatives alone.