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Planning for oil overcharge funds: The California experience

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  • Vine, Edward
  • Sathaye, Jayant
  • Rosenfeld, Arthur H.

Abstract

Within the next few years, states will be receiving some of the largest amounts of funds ($3–5 billion) ever released by the U.S. government to be spent on energy conservation and renewable energy programs and projects. The source of these funds is the Petroleum Violation Escrow Account (PVEA). In anticipation of these funds, a PVEA planning process was developed in California to assist the Governor and the State Legislature in allocating the PVEA money. The California Energy Commission selected the Lawrence Berkeley Laboratory (LBL) to evaluate energy projects proposed by state agencies and those generated from public workshops. We review the evaluation process undertaken in California and present the evaluations of 10 energy programs as examples. The lessons learned in this process should be of interest to all states planning for these anticipated funds.

Suggested Citation

  • Vine, Edward & Sathaye, Jayant & Rosenfeld, Arthur H., 1986. "Planning for oil overcharge funds: The California experience," Energy, Elsevier, vol. 11(10), pages 977-984.
    • Handle: RePEc:eee:energy:v:11:y:1986:i:10:p:977-984
    DOI: 10.1016/0360-5442(86)90028-9
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