BILL ANALYSIS                                                                                                                                                                                                    



                                                                  AB 1340
                                                                  Page  1

          Date of Hearing:   May 14, 2003

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                              Darrell Steinberg, Chair

                    AB 1340 (Kehoe) - As Amended:  April 9, 2003 

          Policy Committee:                               
          UtilitiesVote:11-0

          Urgency:     No                   State Mandated Local Program:  
          No     Reimbursable:              

           SUMMARY  

          This bill requires oil refiners, gasoline marketers, and storage  
          facility operators to submit a weekly report to the California  
          Energy Commission (CEC), providing refinery inventory levels,  
          the amount of gasoline imported and exported, and the amount of  
          crude oil imported.

           FISCAL EFFECT  

          Negligible fiscal impact.

           COMMENTS  

           Purpose  .  In its report to the governor on the recent gasoline  
          and diesel price spikes, the CEC suggested that it needs  
          information on a weekly basis from oil producers, refiners,  
          marketers, transporters, and storage facility operators. The CEC  
          noted that it must be able to track inventory levels at  
          terminals better as well as imports and exports of petroleum  
          products.

           Analysis Prepared by  :    Chuck Nicol / APPR. / (916) 319-2081