2026 - Assembly Bill 2508 (Hoover, Josh), Public Utilities Public Purpose Programs Fund (Dead)
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Would have established the Public Utilities Public Purpose Programs Fund (PUPPPF) and stated that the Legislature may use funds from the Greenhouse Gas Reduction Fund for the PUPPPF. The State Energy Resources Conservation and Development Commission must decide on and publish the amount of money necessary to fund the public purpose programs and programs run by electrical regional energy networks each year. The Commission may consider this amount when deciding how much money to set aside for these programs. The purpose of the PUPPPF is to provide money to energy providers for electrical efficiency, conservation, and renewable energy programs. The PUPPPF also must pay for energy rate assistance programs instead of the programs being paid for by gas and electric customers. Current law requires electrical and gas companies to createa single website that provides up-to-date information about gas and electric customer-funded energy efficiency assistance programs. This bill would have updated these requirements to include changes made to how energy rate assistance programs are paid for. Additionally, this bill would have paid back electrical corporations for their help with home insulation assistance. Held on suspense in the Assembly Appropriations Committee.