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CA AB2508

Bill

Official Source

Status

Introduced

2/20/2026

Primary Sponsor

Josh Hoover

Click for details

Origin

State Assembly

2025-2026 Regular Session

AI Summary

  • Establishes the Public Utilities Public Purpose Programs Fund to shift funding for electrical utility public purpose programs from ratepayer charges to the state Greenhouse Gas Reduction Fund
  • Requires the Controller to transfer an unspecified dollar amount annually from the Greenhouse Gas Reduction Fund to the new fund, beginning with fiscal year 2026–27
  • Covers programs including energy efficiency and conservation, renewable energy development, and public interest research and development, but excludes CARE and Family Electric Rate Assistance programs
  • Amends multiple Public Utilities Code sections to replace references to ratepayer-funded charges with allocations from the new Public Purpose Programs Fund
  • Declares legislative intent to reduce electricity rates by shifting program costs that benefit all taxpayers away from utility customer rates to general fund sources

Legislative Description

Public Utilities Public Purpose Programs Fund.

Last Action

Referred to Com. on U. & E.

3/9/2026

Committee Referrals

Utilities and Energy3/9/2026

Full Bill Text

No bill text available