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CA SB1322
Bill
AI Summary
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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.
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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.
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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.
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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.
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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