Bill Text: CA AB2409 | 2011-2012 | Regular Session | Amended

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Bill Title: Energy efficiency.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2012-08-16 - In committee: Held under submission. [AB2409 Detail]

Download: California-2011-AB2409-Amended.html

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BILL NUMBER: AB 2409	AMENDED
	BILL TEXT

	AMENDED IN SENATE  JUNE 26, 2012
	AMENDED IN ASSEMBLY  MAY 2, 2012
	AMENDED IN ASSEMBLY  APRIL 18, 2012
	AMENDED IN ASSEMBLY  MARCH 29, 2012

INTRODUCED BY   Assembly Member Allen

                        FEBRUARY 24, 2012

   An act to add Section  25228   25325  to
the Public Resources Code, relating to energy efficiency.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2409, as amended, Allen. Energy efficiency.
   Existing law requires the State Energy Resources Conservation and
Development Commission to implement various programs to provide
financial assistance to specified entities for energy efficiency
improvements.
   This bill would require the commission, in collaboration with
specified entities, and in consultation with other stakeholders,
including investor-owned utilities, to review emerging technology
financing models used in other states to finance energy efficiency
technology deployments and services that maximize private sector
investment in California. The bill would also authorize the
commission to establish and consult with an investment advisory group
consisting of private and public investors.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


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

  SECTION 1.  Section  25228   25325  is
added to the Public Resources Code, to read:
    25228.   25325.   The commission, 
as a part of the integrated energy policy report prepared pursuant to
Section 25302 and  in collaboration with the Public Utilities
Commission, the Treasurer's office, the State Air Resources Board,
and the California Infrastructure and Economic Development Bank, and
in consultation with other stakeholders, including investor-owned
utilities, shall review and make recommendations based on emerging
technology financing models used in other states to finance energy
efficiency technology deployments and services with the goal of
maximizing private sector investment in California. In addition to
collaborating with these entities, the commission may establish and
consult with an investment advisory group consisting of private and
public investors for purposes of understanding what private investors
have determined are the best models suited for helping California
finance energy efficiency deployments. The commission shall avoid
duplication of efforts taking place at the Public Utilities
Commission related to energy efficiency financing, and shall, at a
minimum, examine all of the following:
   (a) Long-term financing options, including, but not limited to,
establishing, facilitating, or improving bonding authority to provide
tax-exempt bonds, private activity bonds, or private investment
bonds.
   (b) Potential financing models for implementing shared savings
agreements between purchasers and sellers of energy efficiency
technologies.
   (c) Potential financing models to finance energy efficiency
improvements for state infrastructure and equipment.
   (d) Potential financing models to finance residential and business
energy efficiency improvements.