SB 1310 Summary

• Redirects the Green Infrastructure Loan Program to focus on utility-scale renewable energy generation or storage projects (minimum 10 megawatts capacity) instead of small-scale customer installations.

• Designates all electric utility ratepayers who pay the green infrastructure fee as the primary beneficiaries of the program, rather than individual loan recipients and deployment partners.

• Requires green infrastructure loan repayments and the green infrastructure fee to be applied to bond debt service payments, with the fee terminating once green infrastructure bonds are fully paid or defeased.

• Prohibits green infrastructure loans for undersea cable energy transmission projects and liquified natural gas projects.

• Establishes that loans must receive Public Utilities Commission approval through a power purchase agreement (non-utility borrowers) or capital expenditure approval (utility borrowers) within 365 days, with loans deemed invalid if approval is not granted.