Disneyland, in an effort to gain additional local attendance, has altered the price on the annual passports, and has made it so that all annual passports holders have access to both California parks. In the past, you could buy an annual pass to either Disneyland, or both parks together. But now, for the same price as just Disneyland, you get access to California Adventure as well.
$99 (formerly $149) Seasonal Southern Californian Pass - 160 blackout days, requires proof of residency, offers some restaurant discounts. Parking pass costs $35 additional.
$149 (formerly $199) Deluxe Annual Pass - 45 blackout days, no residency requirement, offers some restaurant discounts. Parking pass costs $35 additional
$199 (formerly $299) Premium Annual Pass - no blackout days or residency requirement, includes parking, subscription to Disney Magazine, and some restaurant and shopping discounts.