October 15, 2026 - California Observer

California Virtual Power Plants Gain Ground Under New State Laws

California virtual power plants are receiving a clearer regulatory path after the state approved two electricity measures on Sept. 30. SB 913 sets a June 2028 deadline for updated grid participation rules, while SB 905 addresses utility planning and costs. The changes affect energy providers, battery owners and customers tracking electricity bills. Key Takeaways California

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Three Kinds of Wealth, and Only One of Them Shows Up on a Tax Return

By: Dr. Tamara Patzer In brief: A New Orleans tax attorney’s book describes three forms of wealth: financial, intellectual and social capital. Only the first is counted by the IRS-based income lines, such as California’s estimated $987,325 for the top 1%. This feature looks at what the other two are, why they matter to a