Bill > AB1342

This bill modifies two key aspects of California's energy and utility regulations. First, it changes the reporting requirements for the Public Utilities Commission (PUC), mandating that they report to the Legislature annually (instead of biannually) on energy efficiency programs funded by electrical and gas corporations, comparing these programs to those administered by other state agencies like the Energy Commission and Air Resources Board. Second, the bill specifies new guidelines for the electric California Climate Credit, which are revenues from greenhouse gas allowances allocated to electrical corporations. The bill requires these credits to be provided specifically to residential customers during the summer months (June through September) and directs the PUC to ensure that customers in hotter regions of the state receive a larger portion of these credits. The bill also includes a provision stating that no additional state reimbursement is required for implementing these changes. By making these modifications, the bill aims to enhance transparency in energy efficiency reporting and provide targeted financial relief to residential customers, particularly those in warmer regions of California.

Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1342