California Energy Commission Targets One of the State`s Only Economic Bright Spots, Says CEA
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Regulation of Californians` TVs Would Cost $50 Million and Eliminate 4,600 Jobs ARLINGTON, Va.--(Business Wire)-- Following Los Angeles Times reporting that Californians are "upgrading their TVs because they're spending more time at home during the economic downturn," the Consumer Electronics Association (CEA)® today released new data showing that shipments of new flat-panel TVs in the U.S. are up 27 percent over the same period in 2008. More than 1.4 million TVs have been sold in California alone through the first six months of 2009. "With a $24 billion deficit and the highest unemployment since the 1940s, there are few bright spots in California`s economy right now," said Doug Johnson, senior director of technology policy for CEA. "The last thing California needs is a regulation that will ultimately cost the state $50 million a year in lost tax revenue and destroy 4,600 jobs. TVs provide an affordable and convenient and energy efficient entertainment option for working families, and we urge the CEC to explore alternatives to this harmful and unnecessary regulation." The California Energy Commission (CEC) is currently reviewing a proposal to regulate television electricity. Banning 25 percent of current TV models in Californians` homes (and 100 percent of plasma TVs over 60 inches), the proposal would harm California`s economy and small businesses, destroy jobs, increase prices and decrease consumer choice. LA TIMES EXCERPT: With TVs a staple in homes nationwide, industry analysts say they expect flat-panel sales to remain strong even as consumers continue to scrimp on other retail purchases such as apparel and home furnishings. That may be because many consumers see a TV more as a necessity than a frivolous purchase, said Britt Beemer, chairman of consumer behavior firm America's Research Group. "When you ask consumers what item in the house gives you the most enjoyment," he said, "TVs will always be No. 1." (LCD and plasma TV sales brighten retail picture, 6/29/09) For more information on the CEA`s report demonstrating the economic harm consumers and businesses in the State of California will suffer under the California Energy Commission`s proposal to set arbitrary limits on television electricity usage, please visit: http://www.ce.org/Press/CurrentNews/press_release_detail.asp?id=11712. About CEA: The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $172 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion and the fostering of business and strategic relationships. CEA also sponsors and manages the International CES - Where Entertainment, Technology and Business Converge. All profits from CES are reinvested into CEA`s industry services. Find CEA online at www.CE.org. UPCOMING EVENTS * SINOCES 2009 July 9-12, 2009, Qingdao, China * 2009 CEA Industry Forum October 18-21, 2009, Phoenix, AZ * 2009 i-stage October 19, 2009, Phoenix, AZ * Digital Hollywood Fall October 19-22, 2009, Los Angeles, CA * CES New York Press Preview featuring CES Unveiled @ NY November 10, 2009, New York, NY * Future of Television East November 18-19, 2009, New York, NY * 2010 International CES January 7-10, 2010, Las Vegas, NV Consumer Electronics Association (CEA) Meghan Henning, 703-907-7654 mhenning@CE.org www.CE.org or Jennifer Bemisderfer, 703-907-4322 jenb@CE.org Copyright Business Wire 2009
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