SACRAMENTO —California's nonpartisan legislative analyst says the state's landmark global warming law likely will lead to modest jobs losses in the near future.

Businesses will face higher electricity and fuel prices, as well as costly investments to improve building and heating standards. The Legislative Analyst's Office did not calculate average costs to businesses nor say how many jobs might be lost.

It did say the effect on the state's overall economy is expected to be small compared to the size of California's economy.

The findings were included in a letter the office sent to Sen. Dave Cogdill, a Modesto Republican who has been critical of the 2006 law. He released the 10-page letter this week.