California's electricity and gas customers will fund a green think tank costing $600m over 10 years, the California Public Utilities Commission [1] unanimously voted yesterday.

Under the new legislation, a surcharge will be added to monthly gas and electricity bills to fund the University of California's new California Institute for Climate Solutions (CICS).

As a result, the average power customer of California's three large investor-owned utilities could pay an extra 25c a month to fund the think tank, according to Reuters estimates.

For the full story click here. [2]