If that passes, California will surly be suffering blackouts again.
In my opinion, you should hope for its passage. The leftist and left-wing media's lockhold on the State is so thoroughly unshakeable (see Arnold's problems in achieving common sense reform) that nothing short of a major social breakdown will succeed in bringing about change.
It tickles me that Californians think they can make laws to control Detroit and other industries when they won't even make the changes to control polution in LA.