Bill > S3285

This bill establishes the Clean Energy Technology Center and the Alternative and Clean Energy Investment Trust Fund to create clean energy-related employment opportunities by allocating revenues from a "societal benefits charge," which is a fee collected from electric and gas utility customers to support various programs. The Clean Energy Technology Center will act as the state's lead agency in promoting clean energy jobs, supporting research and workforce training at educational institutions, stimulating new clean energy businesses, and assisting existing ones. The Alternative and Clean Energy Investment Trust Fund will be used to finance these activities, including making loans and loan guarantees for clean energy research, development, and workforce training, with a focus on economic self-sufficiency for low and moderate-income individuals and communities. The bill also amends existing law to ensure that 100% of the costs for the operation of the Clean Energy Technology Center and the Alternative and Clean Energy Investment Trust Fund are covered by the societal benefits charge.