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CA SB1322

Bill

Status

Passed

9/16/2022

Primary Sponsor

Benjamin Allen

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Origin

Senate

2021-2022 Session

AI Summary

  • Enacts the California Oil Refinery Cost Disclosure Act requiring operators of refineries producing California-specification gasoline to submit monthly reports to the State Energy Resources Conservation and Development Commission containing crude oil volumes, acquisition costs, wholesale gasoline sales volumes and prices, low-carbon fuel standard and cap-and-trade costs, and gross gasoline refining margins.

  • Requires the commission to post aggregate gross gasoline refining margin data and combined refinery data on its website within 45 days of each calendar month's end, making this information publicly available while protecting individual refiner confidentiality.

  • Imposes civil penalties of $500 to $2,000 per day on refiners who fail to submit required information within 5 days of commission notification, with penalties up to $2,000 for willfully making false statements.

  • Extends existing confidentiality protections to information submitted under the new act, allowing refiners to request confidential treatment of specific data to prevent unfair competitive disadvantage, with exemption for aggregate data posted publicly on the commission's website.

  • Makes legislative findings that confidentiality protections are necessary to protect consumers, prevent unfair competitive disadvantages, and protect proprietary information submitted to the state.

Legislative Description

Energy: petroleum pricing.

Last Action

Chaptered by Secretary of State. Chapter 374, Statutes of 2022.

9/16/2022

Committee Referrals

Appropriations6/28/2022
Natural Resources6/9/2022
Appropriations5/3/2022
Energy, Utilities and Communications3/2/2022
Rules2/18/2022

Full Bill Text

No bill text available