Existing law requires, upon appropriation by the Legislature, certain amounts of money to be available for specified fiscal years to support a Clean Energy Reliability Investment Plan developed by the State Energy Resources Conservation and Development Commission, as specified. Existing law requires the commission, by March 1, 2023, to submit the Clean Energy Reliability Investment Plan to the Joint Legislative Budget Committee and the chairs of the relevant policy committees of the Legislature.
This bill would appropriate $900,000,000 from the General Fund to the commission for the 2025–26 fiscal year to be allocated for the Clean Energy Reliability Investment Plan for local incentive grants to increase investment in clean energy infrastructure.