Plain English Breakdown
The official source does not provide specific details on when the bill will start being enforced or the scope of energy suppliers running decarbonization programs.
Building Decarbonization Charge Notice
AB-737 requires gas companies to follow the same rules as electric companies when recording notices about decarbonization charges with county recorders.
What This Bill Does
- Adds gas corporations to the list of energy suppliers that must record a notice of decarbonization charge within 30 days after funding an upgrade.
- Requires these suppliers to also record a notice when they fully recover costs related to the decarbonization charge and remove it from the property's records.
Who It Names or Affects
- Energy suppliers, including gas corporations and electric companies.
- County recorders who handle property records.
- Property owners whose buildings receive decarbonization upgrades.
Terms To Know
- Decarbonization charge
- A cost added to a building's property record after an energy upgrade that helps pay for the upgrade.
- Energy supplier
- Companies or organizations that provide electricity or gas to homes and businesses.
Limits and Unknowns
- The bill does not specify when it will start being enforced.
- It only applies to energy suppliers who run decarbonization programs, which may be limited in scope.