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California will soon launch its cap-and-trade program, which uses a market-based mechanism to lower greenhouse gas emissions. California's program will be second in size only to the European Union's Emissions Trading System based on the amount of emissions covered. In addition to driving emission cuts in the ninth largest economy in the world, California's program will provide critical experience in how an economy-wide cap-and-trade system can function in the United States.

The CPUC regulates privately owned electric, natural gas, telecommunications, water, railroad, rail transit, and passenger transportation companies, in addition to authorizing video franchises. Our five Governor-appointed Commissioners, as well as our staff, are dedicated to ensuring that consumers have safe, reliable utility service at reasonable rates, protecting against fraud, and promoting the health of California's economy.