Bill Text: CA AB189 | 2013-2014 | Regular Session | Introduced

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Bill Title: Energy: solar energy systems: funding.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-02-03 - Died at Desk. [AB189 Detail]

Download: California-2013-AB189-Introduced.html

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BILL NUMBER: AB 189	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Buchanan

                        JANUARY 28, 2013

   An act to amend Section 2851.1 of the Public Utilities Code,
relating to energy.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 189, as introduced, Buchanan. Energy: solar energy systems:
funding.
   Under existing law, the Public Utilities Commission (PUC) has
regulatory authority over public utilities, including electrical
corporations. Decisions of the PUC adopted the California Solar
Initiative. Existing law requires the commission, before collecting
additional ratepayer funds to fund certain program shortfalls, to
first allocate interest accumulated from customer collections and,
for the remainder of the shortfall, to increase collections from
customers of the state's 3 largest electrical corporations for
specified programs.
   This bill would make technical, nonsubstantive changes to the
latter provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 2851.1 of the Public Utilities Code is amended
to read:
   2851.1.  (a) As used in this  section,"discount rate"
  section "discount rate   "  means a
financial mechanism that provides a given amount of interest as an
offset to the loss of the time value of money on solar projects that
receive performance-based incentives under Section 2851.
   (b) Before collecting additional ratepayer funds to fund program
shortfalls identified for incentive step levels 8, 9, and 10 for
nonresidential solar photovoltaic systems, the commission shall first
allocate interest accumulated from customer collections and, for the
remainder of the shortfall, increase collections from customers of
San Diego Gas and Electric Company, Southern California Edison
Company, and Pacific Gas and Electric Company for  the 
programs described in paragraph (1) of subdivision (e) of Section
2851.
   (c) The discount rate shall be set at 4 percent, unless the
commission determines the rate should be reduced.