Data from a California Energy Commission report concluding that there is no market manipulation in current high gasoline prices, released August 15, may feed into a ballot measure that would fund alternative energy development and energy efficiency through a tax on oil company profits. The measure, Proposition 87, is set for a vote this November. A special joint Assembly and Senate committee hearing on the measure's potential impact is set for September 12. The energy commission's analysis could play into the ballot measure by fueling public knowledge about oil companies in the state and revealing details about oil company profits. "We can't comment as an agency on a ballot measure," said Joe Desmond, undersecretary of energy affairs for the California Resources Agency. However, he added that the commission is calling for greater transparency in oil company financial reporting to create more confidence in the state's data. If the Legislature requires more transparency, then Prop. 87's mandate that oil companies' excess profits be used for renewables and energy efficiency would be easier to ensure. The measure would raise $4 billion through oil extraction taxes and create a state authority to provide incentives for renewables programs and research. Prop. 87 opponents released a report August 14 by LECG consultants. It concludes that, if passed, the ballot measure would increase petroleum imports from foreign countries and decrease California production by 56,000 barrels a day over three decades. Opponents include the California Chamber of Commerce and the Western States Petroleum Association. Opponents are said to have raised in the range of $30 million, with No on 87 spokesperson Scott Macdonald not disputing that figure. The Yes on 87 campaign has raised $6 million so far, according to spokesperson Yusef Robb.