The state of California has adopted SB 254, a comprehensive energy bill designed to reform the state’s utility regulation and development of clean energy infrastructure, with the goal of reducing electricity costs, improving wildfire safety, and accelerating the state’s transition to clean energy. The bill establishes a mechanism for state funding of electric transmission projects, authorizes state ownership and development of new electric transmission facilities, and enhances financial stability for the state’s electric utilities by adding $18 billion to California’s wildfire fund.
California Enacts New Electric Transmission Financing Programs and Adds to Its Wildfire Fund
