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CA AB2409
Bill
Status
5/29/2012
Primary Sponsor
Michael Allen
Click for details
AI Summary
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Requires the State Energy Resources Conservation and Development Commission to review emerging technology financing models from other states to finance energy efficiency deployments and maximize private sector investment in California.
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Mandates the commission collaborate with the Public Utilities Commission, Treasurer's office, State Air Resources Board, and California Infrastructure and Economic Development Bank, and consult with investor-owned utilities and other stakeholders.
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Authorizes the commission to establish and consult with an investment advisory group consisting of private and public investors to identify best financing models for energy efficiency.
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Requires the commission to examine long-term financing options including tax-exempt and private activity bonds, shared savings agreements, and financing models for state infrastructure and residential/business energy efficiency improvements.
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Requires recommendations be included as part of the integrated energy policy report prepared pursuant to Section 25302, while avoiding duplication of efforts by the Public Utilities Commission.
Legislative Description
Energy efficiency.
Last Action
In committee: Held under submission.
8/16/2012