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It started as a memorandum of understanding, which was signed by twelve founding jurisdictions on May 19, 2015 in Sacramento, California. [2] Although it was originally called the Under2 MOU, it became known as the Under2 Coalition in 2017. As of June 2024, the coalition represents 178 individual states, regions, provinces and subnational ...
The concept is similar to a heads of agreement, term sheet or memorandum of understanding. Merger and acquisition agreements, [ 1 ] joint venture agreements, real property lease agreements and several other categories of agreements often make use of a letter of intent.
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High and rising costs. California’s electricity rates are 25% higher than the national average, and nearly one in four customers of the state’s largest utilities are behind on their bills.
According to the report, the cost of building equivalent capacity to the $68.4 billion (YOE) Phase 1 Blended plan, in airports and freeways, is estimated to be at minimum $119 billion (YOE) for 4,295 new lane-miles (6,912 km) of highway, plus $38.6 billion (YOE) for 115 new airport gates and 4 new runways, for a total estimated cost of $158 ...
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