Bill > AB2459

This bill makes a minor, nonsubstantive change to existing California law regarding electricity climate credits, which are revenues electrical corporations receive from the state's cap-and-trade program, a market-based system designed to reduce greenhouse gas emissions. The California Global Warming Solutions Act of 2006 established the State Air Resources Board to regulate these emissions, and its regulations allow for the direct allocation of greenhouse gas allowances to utilities. Existing law generally requires these allowance revenues to be credited directly to residential customers, with some exceptions for small businesses and emissions-intensive, trade-exposed customers, and provisions for using a portion of the funds for clean energy projects and remitting a percentage to a state revolving fund for transmission infrastructure. This bill simply removes a reference to subdivisions (c), (d), and (e) and replaces it with a reference to subdivisions (c) and (d) in the section detailing these credit requirements, without altering the substance of how these climate credits are distributed or used.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2459