Plain English Breakdown
The specific definition of 'large electrical corporation' is not provided in the text.
New Program for Industrial and Agricultural Energy Efficiency
This law requires large electric companies to create a program that gives grants to eligible industrial and manufacturing facilities for energy-saving projects.
What This Bill Does
- Requires each large electrical corporation to file a plan with the Public Utilities Commission by August 1, 2027, to start an Industrial Decarbonization and Energy Efficiency Program.
- Funds the program using charges collected from eligible industrial or manufacturing facilities that meet specific requirements.
- Awards grants to these facilities for projects that improve energy efficiency.
- Requires each large electrical corporation to run its own version of this grant program.
- Requires the Governor's Office of Business and Economic Development to independently review and approve every grant before it is given out.
- Changes rules for custom agricultural and industrial projects by replacing an old approval process with a new one that ensures incentives are provided.
Who It Names or Affects
- Large electrical corporations that must create, file plans for, and run the program.
- Industrial or manufacturing facilities that meet specific requirements to receive grants.
- The Public Utilities Commission, which oversees rule changes and approves the programs.
- The Governor's Office of Business and Economic Development, which reviews grant applications.
Terms To Know
- Tier 2 advice letter
- A formal document that electric companies must file with the Public Utilities Commission to propose new programs or rule changes.
- Ex ante review process
- The old method where officials checked and approved projects before any work began, which this bill replaces for certain industries.
Limits and Unknowns
- The exact list of requirements that facilities must meet to be eligible is not detailed in the summary.
- The specific amount of money available depends on charges collected from facilities and has no fixed number listed here.
- No state reimbursement will be provided to local agencies or school districts for costs related to this law.