Bill > SB330

This bill aims to establish pilot projects for developing and financing electrical transmission infrastructure in California with the goal of reducing electricity costs for ratepayers. The Governor would be authorized to create pilot projects that meet specific criteria, such as being identified by the Independent System Operator as necessary for clean energy generation and providing significant cost reductions. These projects can be implemented by state agencies, local public agencies, tribal organizations, or joint powers authorities, and would have the ability to develop, finance, operate, and maintain electrical transmission lines. The bill requires that transmission infrastructure be controlled by a California balancing authority and allows for leasing or selling transmission line usage rights. Additionally, pilot project owners would be required to participate in the Wildfire Fund, which means they must submit wildfire mitigation plans, maintain insurance coverage, and have their contributions to the fund determined by the Wildfire Fund Administrator based on their transmission line miles in high fire-threat districts. The legislation is motivated by California's high electricity rates, the estimated $45.8 billion to $63.2 billion needed for new transmission infrastructure, and the potential to create jobs while supporting the state's clean energy goals. The bill seeks to lower costs through methods like competitive solicitation, public debt financing, and reducing project delays.

Agriculture and Natural Resources, Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260SB330