PROPANE PRICE NEWS

‘Cap-and-Trade’ Regulation Expected to Raise Propane Costs in 2015
Beginning January 1, 2015, the cost of propane will become subject to the regulations of Assembly Bill 32, commonly referred to as the Cap-and-Trade program. In brief, the bill requires California’s propane refiners, fractioners or importers to “cap” emissions in order to reduce greenhouse gases to 1990 levels by 2020. If the entities exceed targets, they must “trade” money for carbon credits from the state in order to meet compliance. Due to this legislation, your propane prices may increase.

YOU Can Help STOP the Propane Price Hike
If you do not want to see the Cap-and-Trade program impact your propane costs, let your representatives know. There are currently bills in the California Senate and House (introduced by Senator Andy Vidak, R-Hanford and Assemblyman Jim Patterson, R-Fresno respectively) that seek to exclude propane, gasoline, diesel and natural gas from the legislation. Contact your Assembly or Senate representative to:

• share your support of Senate Bill 5 and Assembly Bill 23, provided they are amended to include propane
• express your frustration with the impact the Cap-and-Trade legislation will have on you as a propane consumer who uses the clean energy fuel for your business, cooking, heating, or any other specific use

We will not know the effects of these bills until 2015. At AePEX Energy, we will continue to do our best to keep you, our valued customers, updated with transparent communication regarding the upcoming Cap-and-Trade developments to ensure you are informed and prepared. Please contact us if you have any questions.