California’s Governor Newsom declared a state of emergency on the power grid in July, citing drought conditions undermining the 1 GW hydropower supply, high electricity demand from the heat, the Bootleg Fire which threatened the 4.8 GW grid connection to Oregon (California’s peak demand is 45 GW), other transmission lines’ exposure to wildfires, and an expected overall shortfall of 5 GW in 2022. The primary focus of the state of emergency was building new clean energy sources on the grid, but there was also a secondary focus – Department of Finance funds for programs set up by utilities, which will incentivize citizens to reduce their consumption at critical times – $2 per kWh unused to be paid to consumers, or…