The Sacramento Metro Chamber of Commerce took a lonely stand against Proposition 16, the PG&E power grab to extend its monopoly in much of northern California.
But it's not exactly crowing that the measure went down to defeat Tuesday, despite a huge gap in spending because PG&E sunk about $46 million in its effort.
Instead, it issued a measured response today: "The Sacramento Metro Chamber is pleased with election results on Prop 16. It appears the voters of California came to the same conclusion our board of directors did after they took the time to understand the impact that this initiative could of had on their local community and the state's ability to maintain a competitive environment within the energy industry. It is apparent that California voters are not simply backing these 'industry' backed initiatives."
Unlike the California Chamber and the vast majority of other chambers across the state, the Sacramento chamber last week declared that the measure would be bad for business. In so doing, it rebuffed PG&E, a major member, and backed another member, the Sacramento Municipal Utility District, whose future prospects were in jeopardy.
The chamber noted that the proposition would have severely hampered any expansion by SMUD, which provides lower rates to its members.
While it's difficult to measure the impact of any single endorsement, or non-endorsement, it's worth noting that while Prop. 16 failed by 52.5 percent to 47.5 percent statewide, it lost by 58 percent to 42 percent in Sacramento County.