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The Sun’s home for business news in the Central Valley.
CPUC extends lifespan of Diablo Canyon
California’s only remaining nuclear power plant will stay online through 2030.
PG&E receives $15 billion loan to strengthen power grid
The $15 billion loan from the federal government will strengthen the power grid and go toward climate projects pushed by the Biden administration.
Ex-Bitwise CEOs Soberal, Olguin sentenced to 11, 9 years in Federal prison over $115mil fraud
Jake Soberal and Irma Olguin, Jr. will spend the better part of a decade in Federal prison for architecting a $115 million fraud on employees and lenders.
Feds push for 12-year prison sentences Soberal, Olguin. Ex-Bitwise CEOs pray for less.
The former Bitwise CEOs-turned-convicts are battling for the greatest leniency ahead of a sentencing hearing on their $115 million fraud.
Report: Cannabis retailers owe California $1.3 billion in back taxes
Cannabis dispensaries across California are hurting with high taxes and penalties.
California records $250 million in cannabis tax revenue for third quarter
The legalization of marijuana has brought in billions of dollars of revenue for California.
Newsom intends to revive EV tax credit if Trump ends program
Trump-proofing the Golden State may also involve spending even more to fund electric vehicle priorities if they are terminated by the Trump administration, Gov. Gavin Newsom hinted.
Study: Calif. gas prices could jump by 90 cents courtesy of new regulations
A vote by California regulators a couple weeks ago to update the state’s Low Carbon Fuel Standard could raise gas prices even more than initially expected, according to a new study from the USC Marshall School of Business.
Bankruptcy court approves $20mil Bitwise settlement
Eligible employees will receive the maximum payout as part of the settlement in the class action lawsuits.
Calif.’s newest agency is overreaching and threatening the macroeconomy
A once-thoughtful approach to regulating AI has become an unwieldy mess of bureaucracy threatening California's competitiveness, write Rosanne Foust and Clint Olivier for Sun View.
