reglab/statecodes huggingface dataset:
2023 California Code › Public Utilities Code - PUC › DIVISION 1 - REGULATION OF PUBLIC UTILITIES › PART 6 - Wildfire Fund › CHAPTER 3 - Operation of the Fund › Section 3295.

3295. (a) Except as provided in subdivision (b), within six months after the commission adopts a decision in an application filed pursuant to Section 1701.8, a governmental assessment shall be imposed in the full amount of, and the electrical corporation shall reimburse the fund for the full amount of, costs and expenses the commission determined were the amount of the obligation to reimburse the fund pursuant to subdivision (d) of Section 3291 or subdivision (h) of Section 3292 in a proceeding authorized pursuant to Section 1701.8.
(b) With respect to a governmental assessment pursuant to subdivision (a), the fund is granted a statutory lien on the revenues of an electrical corporation participating in the fund to secure the electrical corporation’s reimbursement obligations to the fund, which statutory lien shall be subordinated and junior in lien priority and right of payment to any lien, mortgage, or security interest securing any debt, note, indenture, lease, contract, or other obligation of the electrical corporation or a financing entity defined in Section 850 in existence on July 12, 2019, or thereafter authorized by the commission, including pursuant to subdivision (g) of Section 80542 of the Water Code; provided that no such lien shall be deemed to have been granted with respect to the revenues of an electrical corporation to the extent that the terms of any debt, note, indenture, lease, contract, or other obligation of the electrical corporation existing on July 12, 2019, prohibits the granting of the lien, or if a breach or default would occur thereunder as a result of the granting of the lien whether or not the breach or default is subject to the passage of time, notice requirements, or otherwise, it being understood that the lien will be deemed to have been automatically granted at the time that the prohibition no longer applies or no breach or default would occur. Subject to the immediately preceding sentence, the subordinated and junior statutory lien shall be automatically perfected without further action of the fund and shall apply regardless of whether the amounts are commingled with other cash or other property of the electrical corporation. The statutory lien granted pursuant to this section shall not attach to any real property of an electrical corporation.
(Amended by Stats. 2019, Ch. 396, Sec. 46. (AB 1513) Effective January 1, 2020.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1 - REGULATION OF PUBLIC UTILITIES › PART 6 - Wildfire Fund › CHAPTER 3 - Operation of the Fund › Section 3296.

3296. In addition to any rights and remedies of the administrator provided by law, the administrator is authorized at any time and from time to time, without notice to the participating electrical corporations, to set off and apply any and all funds, deposits, or contributions from a participating electrical corporation at any time held by the fund and other obligations owed to the fund, irrespective of whether or not the administrator made demand, and whether the obligations may be contingent or unmatured. The administrator will promptly notify the participating electrical corporation after any such setoff.
(Amended by Stats. 2019, Ch. 396, Sec. 47. (AB 1513) Effective January 1, 2020.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1 - REGULATION OF PUBLIC UTILITIES › PART 6 - Wildfire Fund › CHAPTER 3 - Operation of the Fund › Section 3297.

3297. Fund earnings are tax exempt and fund contributions by electrical corporations are tax deductible for state tax purposes.
(Amended by Stats. 2019, Ch. 396, Sec. 48. (AB 1513) Effective January 1, 2020.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 1 - General Provisions and Definitions › Section 3300.

3300. The Legislature finds and declares that in order to furnish the citizens of California with reliable, affordable electrical power, to ensure sufficient power reserves, to assure stability and rationality in California’s electricity market, to encourage energy efficiency and conservation as well as the use of renewable energy resources, and to protect the public health, welfare, and safety, the state needs to finance, purchase, lease, own, operate, acquire, or otherwise provide financial assistance for public and private facilities for the generation and transmission of electricity and for renewable energy, energy efficiency, and conservation programs.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 1 - General Provisions and Definitions › Section 3301.

3301. This division shall be known and may be cited as the California Consumer Power and Conservation Financing Authority Act.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 1 - General Provisions and Definitions › Section 3304.

3304. Any action taken pursuant to this division is exempt from the Administrative Procedure Act, as defined in Section 11370 of the Government Code.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 2 - Purpose of the California Consumer Power and Conservation Financing Authority › Section 3310.

3310. The authority may only exercise its powers pursuant to Article 4 (commencing with Section 3340) of Chapter 3 for the following purposes:
(a) Establish, finance, purchase, lease, own, operate, acquire, or construct generating facilities and other projects and enterprises, on its own or through agreements with public and private third parties or joint ventures with public or private entities, or provide financial assistance for projects or programs by participating parties, to supplement private and public sector power supplies, taking into account generation facilities in operation or under development as of the effective date of this section, and to ensure a sufficient and reliable supply of electricity for California’s consumers at just and reasonable rates.
(b) Finance programs, administered by the Energy Commission, the commission, and other approved participating parties for consumers and businesses to invest in cost-effective energy efficient appliances, renewable energy projects, and other programs that will reduce the demand for energy in California.
(c) Finance natural gas transportation and storage projects under Article 7 (commencing with Section 3368) of Chapter 3.
(d) Achieve an adequate energy reserve capacity in California within five years of the effective date of this division.
(e) Provide financing for owners of aged, inefficient, electric powerplants to perform necessary retrofits to improve the efficiency and environmental performances of those powerplants.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 1 - Creation of the Authority › Section 3320.

3320. (a) There is hereby created in the state government the California Consumer Power and Conservation Financing Authority, which shall be responsible for administering this division.
(b) The authority shall implement the purposes of Chapter 2 (commencing with Section 3310), and to that end finance projects and programs in accordance with this division, all to the mutual benefit of the people of the state and to protect their health, welfare, and safety.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 2 - Board of Directors › Section 3325.

3325. (a) The authority shall be governed by a five-member board of directors that shall consist of the following persons:
(1) Four individuals appointed by the Governor, subject to confirmation by the Senate. These four members shall have considerable experience in power generation, natural gas transportation or storage, energy conservation, financing, or ratepayer advocacy.
(2) The State Treasurer.
(b) (1) For the initial term, the appointed members shall serve staggered terms as follows:
(A) The member appointed first shall serve a term of four years.
(B) The member appointed second shall serve a term of three years.
(C) The member appointed third shall serve a term of two years.
(D) The member appointed fourth shall serve a term of one year.
(2) The second and any subsequent terms shall be for four years.
(c) A quorum is necessary for any action to be taken by the board. Three of the members shall constitute a quorum, and the affirmative vote of three board members shall be necessary for any action to be taken by the board.
(d) (1) The chairperson of the board shall be appointed by the Governor. This position shall be a full-time, paid position.
(2) Except as provided in this subdivision, the members of the board shall serve without compensation, but shall be reimbursed for actual and necessary expenses incurred in the performance of their duties to the extent that reimbursement for these expenses is not otherwise provided or payable by another public agency, and shall receive one hundred dollars ($100) for each full day of attending meetings of the authority.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 2 - Board of Directors › Section 3326.

3326. (a) The members of the board shall be subject to the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)) of the Government Code, and all other applicable provisions of law.
(b) The board may purchase insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if the insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by the fiduciary.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 2 - Board of Directors › Section 3327.

3327. Meetings of the board shall be open to the public and shall be conducted in accordance with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 2 - Board of Directors › Section 3328.

3328. The California Public Records Act (Division 10 (commencing with Section 7920.000) of Title 1 of the Government Code) applies to all records of the authority.
(Amended by Stats. 2021, Ch. 615, Sec. 399. (AB 474) Effective January 1, 2022. Operative January 1, 2023, pursuant to Section 463 of Stats. 2021, Ch. 615.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 3 - Chief Executive Officer › Section 3330.

3330. The chief executive officer shall manage and conduct the business and affairs of the authority and the fund subject to the direction of the board. Except as otherwise provided in this section, the board may assign to the executive director, by resolution, those duties generally necessary or convenient to carry out its powers and purposes under this division. Any action involving final approval of any bonds, notes, loans, or other financial assistance shall require the approval of a majority of the members of the board.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3340.

3340. The authority is authorized and empowered to do any of the following:
(a) Adopt an official seal.
(b) Sue and be sued in its own name.
(c) Employ or contract with officers and employees to administer the authority. The authority may contract for the services of a chief executive officer, who shall serve at the pleasure of the board. If the chief executive officer contracts for the services of any other officer or employee, the contract shall be subject to the approval of the board.
(d) Exercise the power of eminent domain.
(e) Adopt rules and regulations for the regulation of its affairs and the conduct of its business.
(f)Do all things generally necessary or convenient to carry out its powers under, and the purposes of, this division.
(Amended by Stats. 2002, Ch. 1124, Sec. 51. Effective September 30, 2002.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3341.1.

3341.1. In connection with an enterprise, the authority may do any or all of the following:
(a) Acquire any enterprise by gift, purchase, or eminent domain as necessary to achieve the purposes of the authority pursuant to Sections 3310 and 3352.
(b) Construct or improve any enterprise. By gift, lease, purchase, eminent domain, or otherwise, it may acquire any real or personal property, for an enterprise, except that no property of a state public body may be acquired without its consent. The authority may sell, lease, exchange, transfer, assign, or otherwise dispose of any real or personal property or any interest in such property. It may lay out, open, extend, widen, straighten, establish, or change the grade of any real property or public rights-of-way necessary or convenient for any enterprise.
(c) Operate, maintain, repair, or manage all or any part of any enterprise, including the leasing for commercial purposes of surplus space or other space that is not economic to use for such enterprise.
(d) Adopt reasonable rules or regulations for the conduct of the enterprise.
(e) Prescribe, revise, and collect charges for the services, facilities, or energy furnished by the enterprise. The charges shall be established and adjusted so as to provide funds sufficient with other revenues and moneys available therefor, if any, to (1) pay the principal of and interest on outstanding bonds of the authority financing such enterprise as the same shall become due and payable, (2) create and maintain reserves, including, without limitation, operating and maintenance reserves and reserves required or provided for in any resolution authorizing, or trust agreement securing such bonds, and (3) pay operating and administrative costs of the authority.
(f) Execute all instruments, perform all acts, and do all things necessary or convenient in the exercise of the powers granted by this article.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3341.2.

3341.2. In connection with a project, the authority may do any or all of the following:
(a) Determine the location and character of any project to be financed under this division.
(b) Acquire, construct, enlarge, remodel, renovate, alter, improve, furnish, equip, own, maintain, manage, repair, operate, lease as lessee or lessor, or regulate any project to be financed under this division.
(c) Contract with any participating party for the construction of a project by such participating party.
(d) Enter into leases and agreements, as lessor or lessee, with any participating party relating to the acquisition, construction, and installation of any project, including real property, buildings, equipment, and facilities of any kind or character.
(e) Establish, revise, charge and collect rates, rents, fees and charges for a project. The rates, rents, fees, and charges shall be established and adjusted in respect of the aggregate rates, rents, fees, and charges from all projects so as to provide funds sufficient with other revenues and moneys available therefor, if any, to (1) pay the principal of and interest on outstanding bonds of the authority financing such project as the same shall become due and payable, (2) create and maintain reserves, including, without limitation, operating and maintenance reserves and reserves required or provided for in any resolution authorizing, or trust agreement securing such bonds, and (3) pay operating and administrative costs of the authority.
(f) Enter into contracts of sale with any participating party covering any project financed by the authority.
(g) As an alternative to leasing or selling a project to a participating party, finance the acquisition, construction, or installation of a project by means of a loan to the participating party.
(h) Execute all instruments, perform all acts, and do all things necessary or convenient in the exercise of the powers granted by this article.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3341.5.

3341.5. In connection with the purposes of this division, the authority shall charge and equitably apportion among participating parties or other public or private entities the authority’s administrative costs and expenses, including operating and financing-related costs incurred in the exercise of the powers and duties conferred by this division, except to the extent that those costs are related to one of the authority’s own enterprises or projects, in which case costs shall be included in the cost of generating that electricity as provided in Section 3351.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3342.

3342. The fiscal powers granted to the authority by this division may be exercised without regard or reference to any other department, division, or agency of the state, except the Legislature or as otherwise stated in this division. This division shall be deemed to provide an alternative method of doing the things authorized by this division, and shall be regarded as supplemental and additional to powers conferred by other laws.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3343.

3343. No member of the board or any person executing bonds of the authority pursuant to this division shall be personally liable on the bonds or subject to any personal liability or accountability by reason of the issuance thereof.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3344.

3344. All expenses incurred in carrying out this division shall be payable solely from funds provided under the authority of this division and no liability or obligation shall be imposed upon the State of California and, none shall be incurred by the authority beyond the extent to which moneys shall have been provided under this division. Under no circumstances shall the authority create any debt, liability, or obligation on the part of the State of California payable from any source whatsoever other than the moneys provided under this division.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3345.

3345. The authority’s operating budget shall be subject to review and appropriation in the annual Budget Act. For purposes of this section, the authority’s operating budget shall include the costs of personnel, administration, and overhead.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 4 - Powers of the Authority › Section 3347.

3347. The Bureau of State Audits shall perform an evaluation of the effectiveness of the authority’s efforts in achieving its purposes as described in Section 3310. The evaluation shall include recommendations as to whether there is a continued need for the authority beyond January 1, 2007. The evaluation shall be submitted to the Governor and the Legislature on or before January 1, 2005.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 5 - Generation Facilities › Section 3350.

3350. In evaluating the eligibility for financing of additional generation facilities, the authority shall utilize the Energy Commission’s and the Independent System Operator’s, or their successor’s, information relating to the need for additional generating facilities and their forecasts of electric supply and demand for the state.
(Amended by Stats. 2002, Ch. 664, Sec. 194. Effective January 1, 2003.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 5 - Generation Facilities › Section 3351.

3351. (a) All generation-related projects and enterprises financed pursuant to this division shall provide electricity to the consumers of this state at the cost of generating that electricity, including the costs of financing those projects or enterprises. To the extent that electricity is not needed in the state, or that it is financially advantageous to California consumers, the electricity may be sold outside the state at just and reasonable rates.
(b) If a participating party is an electrical corporation, the commission shall determine the cost of generating electricity and to which entities the electricity is sold.
(c) If a participating party is a local publicly owned electric utility seeking to provide electricity to consumers in its service territory, the governing board of that utility shall determine the cost of generating electricity and to which entities the electricity is sold.
(d) If neither subdivision (b) nor subdivision (c) applies, the authority shall determine the cost of generating electricity and to which entities the electricity is sold, consistent with subdivision (a).
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 5 - Generation Facilities › Section 3352.

3352. In addition to the other powers provided in this division, the activities of the authority under this article are intended to supplement private and public sector power supplies, taking into account generation facilities in operation or under development as of the effective date of this section, consistent with achieving reasonable energy capacity reserves within five years of the effective date of this division.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 5 - Generation Facilities › Section 3353.

3353. The authority shall have the authority to receive and act on applications for financial assistance from owners of existing powerplants whose owners or operators commit to undertake capacity expansion through facility retrofits, new construction, or both, that will improve the efficiency and environmental performance of generation facilities.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 5 - Generation Facilities › Section 3354.

3354. All generation facilities constructed or improved pursuant to this division shall comply with Chapter 1 (commencing with Section 1720) of Part 7 of Division 2 of the Labor Code.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 5 - Generation Facilities › Section 3355.

3355. The authority may not invest in any nuclear facilities or develop additional hydroelectric facilities without first receiving specific statutory authorization to do so on a project-by-project basis.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 5 - Generation Facilities › Section 3356.

3356. (a) If the authority determines under Section 3350 that additional electric generation supply is required to meet the purposes of this division, the authority may undertake the following activities to ensure that the authority, or any participating party, is able to build, own, and operate generation facilities as part of a least cost electric supply policy:
(1) Identify suitable sites for the construction of generation facilities, taking into account fuel supply, interconnection, community, and environmental factors.
(2) Secure rights to the sites identified, including, but not limited to, fee simple acquisition, leaseholds, or options.
(3) Conduct any studies that may be necessary to construct and operate generation facilities at the site, including, but not limited to, environmental, engineering, or feasibility studies.
(4) Conduct, in coordination with the Energy Commission, all applicable public and community involvement processes.
(5) Apply for permits, licenses, or other local, state, or federal approvals, including, but not limited to, compliance with the applicable procedures of the Energy Commission.
(b) The authority may request proposals from qualified participating parties to purchase, lease, or otherwise acquire sites for the purpose of developing generation facilities that will provide the lowest cost power to consumers over the life of the facilities, consistent with Section 3351.
(c) The authority shall comply with all applicable air quality laws and regulations and the Warren-Alquist State Energy Resources Conservation and Development Act (Division 15 (commencing with Section 25000) of the Public Resources Code).
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 6 - Renewable Energy and Conservation › Section 3365.

3365. The authority may provide loans, utilizing up to one billion dollars ($1,000,000,000) of the bond authority, under terms and conditions approved by the authority, to any participating party, which shall use that loan to make loans available to California consumers and businesses for all of the following purposes:
(a) The purchase of consumer appliances and home improvements with electric and gas energy efficiency or renewable energy characteristics, as approved by the Energy Commission, the commission, or a participating local publicly owned electric utility, as applicable.
(b) The purchase or lease of business equipment and facility improvements with electric and gas energy efficiency or renewable energy characteristics, as approved by the Energy Commission, the commission, or a participating local publicly owned electric utility, as applicable.
(c) Any other electric or natural gas energy conservation program or any program for the use of renewable energy resources, as approved by the Energy Commission, the commission, or a participating local publicly owned electric utility, as applicable.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 6 - Renewable Energy and Conservation › Section 3366.

3366. As a condition of receipt of a loan pursuant to Section 3365, a participating party shall be required to conduct a comprehensive marketing program that makes consumers aware of the availability of these financial assistance programs, and to provide appropriate security for repayment of the loan, including, without limitation, a pledge to the authority of consumer and business loan repayments collected through utility bills, as applicable and a certification that the duration of a loan will not exceed the useful life of a purchase.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 6 - Renewable Energy and Conservation › Section 3367.

3367. The authority shall require that any equipment or improvement financed by a loan made pursuant to this article shall be certified as having been installed or completed.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 6 - Renewable Energy and Conservation › Section 3367.5.

3367.5. The authority may require that a participating party utilize a consumer protection plan for screening qualified contractors who serve consumers under this article.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 8 - Energy Resource Investment Plan › Section 3369.

3369. (a) Within 180 days of the effective date of this division, the authority, in consultation with the Energy Commission and the Independent System Operator, shall develop an Energy Resource Investment Plan and submit that plan to the Governor and the Joint Legislative Budget Committee and the chairs of the policy committees with jurisdiction over energy policy in the State of California.
(b) The Energy Resource Investment Plan shall take into account California’s anticipated energy service needs for both electricity and natural gas over the next decade. The plan shall address issues regarding adequacy of supply, storage, reliability of service, grid congestion, and environmental quality. In developing the investment plan, the authority shall compare the costs of various energy resources, including a comparison of the costs and benefits of demand reduction strategies with the costs and benefits of additional generation supply. The plan shall acknowledge the potential volatility of fossil fuel prices and the value of resources that avoid that price risk.
(c) The plan shall outline a strategy for cost-effective energy resource investments, using the financing powers provided to the authority by this division. The plan may recommend changes to the specific expenditure authority granted in this division in order to carry out the investment strategy contained in the plan.
(d) The plan shall be developed with input from interested parties at scheduled public hearings of the authority. The authority should adopt the plan by majority vote of the board at a public meeting. The authority shall update the plan on a regular basis as determined by the authority.
(e) All investments made by the authority under this division shall be consistent with the strategy outlined in the Energy Resource Investment Plan. Nothing in this section shall preclude the authority from exercising its powers prior to the adoption of the initial Energy Resource Investment Plan.
(f) The authority shall be the agency responsible for ensuring that the investment strategy outlined in the Energy Resource Investment Plan is implemented. To that end, the authority may, on its own or through a partnership with a participating party, make those investments necessary to ensure that the plan is implemented.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 3 - The California Consumer Power and Conservation Financing Authority › ARTICLE 9 - Agencies Relation to Other State Energy Oversight › Section 3369.5.

3369.5. Nothing in this division shall be construed to obviate the need to review the roles, functions, and duties of other state energy oversight agencies and, where appropriate, change or consolidate those roles, functions, and duties. To achieve that efficiency, the Governor may propose to the Legislature a Governmental Reorganization Plan, pursuant to Section 8523 of the Government Code and Section 6 of Article V of the Constitution.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 4 - California Consumer Power and Conservation Financing Authority Fund › Section 3370.

3370. (a) There is hereby created in the State Treasury the California Consumer Power and Conservation Financing Authority Fund for expenditure by the authority for the purpose of implementing the objectives and provisions of this division. For the purposes of subdivision (e), or as necessary or convenient to the accomplishment of any other purpose of the authority, the authority may establish within the fund additional and separate accounts and subaccounts.
(b) The assets of the fund shall be available for the payment of the salaries and other expenses charged against it in accordance with this division.
(c) Except as provided under Section 3345, all moneys in the fund that are not General Fund moneys are continuously appropriated to the authority and may be used for any reasonable costs which may be incurred by the authority in the exercise of its powers under this division.
(d) The fund, on behalf of the authority, may borrow or receive moneys from the authority, or from any federal, state, or local agency or private entity, to create reserves in the fund as provided in this division and as authorized by the board.
(e) The authority may pledge any or all of the moneys in the fund (including in any account or subaccount) as security for payment of the principal of, and interest on, any particular issuance of bonds issued pursuant to this division.
(f) The authority, may, from time to time, direct the Treasurer to invest moneys in the fund that are not required for the authority’s current needs, including proceeds from the sale of any bonds, in any securities permitted by law as the authority shall designate. The authority also may direct the Treasurer to deposit moneys in interest-bearing accounts in state or national banks or other financial institutions having principal offices in this state. The authority may alternatively require the transfer of moneys in the fund to the Surplus Money Investment Fund for investment pursuant to Article 4 (commencing with Section 16470) of Chapter 3 of Part 2 of Division 4 of the Government Code. All interest or other increment resulting from an investment or deposit shall be deposited in the fund, notwithstanding Section 16305.7 of the Government Code. Moneys in the fund shall not be subject to transfer to any other fund pursuant to any provision of Part 2 (commencing with Section 16300) of Division 4 of the Government Code, excepting the Surplus Money Investment Fund.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 5 - Bonds › Section 3380.1.

3380.1. For the purposes provided in this division, the authority is authorized to incur indebtedness and to issue securities of any kind or class, at public or private sale by the Treasurer, and to renew the same, provided that all such indebtedness, howsoever evidenced, shall be payable solely from revenues. The authority may issue bonds for the purposes of this division in an amount not to exceed five billion dollars ($5,000,000,000), exclusive of any refundings.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 5 - Bonds › Section 3380.2.

3380.2. In connection with the issuance of bonds, in addition to the powers otherwise provided in this division, the authority may do all of the following:
(a) Issue, from time to time, bonds payable from and secured by a pledge of all or any part of the revenues in order to finance the activities authorized by this division, including, without limitation, an enterprise or multiple enterprises, a single project for a single participating party, a series of projects for a single participating party, a single project for several participating parties, or several projects for several participating parties, and to sell those bonds at public or private sale by the Treasurer, in the form and on those terms and conditions as the Treasurer, as agent for sale, shall approve.
(b) Pledge all or any part of the revenues to secure bonds and any repayment or reimbursement obligations of the authority to any provider of insurance or a guarantee of liquidity or credit facility entered into to provide for the payment or debt service on any bond.
(c) Employ and compensate bond counsel, financial consultants, underwriters, and other advisers determined necessary and appointed by the Treasurer in connection with the issuance and sale of any bond.
(d) Issue bonds to refund or purchase or otherwise acquire bonds on terms and conditions as the Treasurer, as agent for sale, shall approve.
(e) Perform all acts that relate to the function and purpose of the authority under this division, whether or not specifically designated in this chapter.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 5 - Bonds › Section 3381.

3381. Bonds issued by the authority are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust companies, executors, administrators, trustees, and other fiduciaries, for state school funds, pension funds, and for any funds that may be invested in county, school, or municipal bonds. The bonds issued under this division are securities that may legally be deposited with, and received by, any state or municipal officer or agency or political subdivision of the state, including, without limitation, local agencies, schools, and pension funds, for any purpose for which the deposit of bonds or obligations of the state is now, or may hereafter be, authorized by law, including deposits to secure public funds.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 5 - Bonds › Section 3382.

3382. The authority is authorized to obtain loans from the Pooled Money Investment Account pursuant to Sections 16312 and 16313 of the Government Code. These loans shall be subject to the terms negotiated with the Pooled Money Investment Board, including, but not limited to, a pledge of authority bond proceeds or revenues.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 5 - Bonds › Section 3383.

3383. Bonds issued under this division shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof, other than the authority, or a pledge of the faith and credit of the state or of any political subdivision, other than the authority, but shall be payable solely from the funds herein provided therefor. All bonds issued under this division shall contain on the face thereof a statement to the following effect: “Neither the faith and credit nor the taxing power of the State of California or any local agency is pledged to the payment of the principal of or interest on this bond.” The issuance of bonds under this division shall not directly or indirectly or contingently obligate the state or any political subdivision thereof to levy or to pledge any form of taxation whatever therefor or to make any appropriation for their payment. Nothing in this section shall prevent nor be construed to prevent the authority from pledging its full faith and credit to the payment of bonds or issue of bonds authorized pursuant to this division.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.5 - CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT › CHAPTER 6 - Termination Provisions › Section 3384.

3384. The authority may not finance or approve any new program, enterprise, or project on or after January 1, 2007, unless authority to approve such an activity is granted by statute enacted on or before January 1, 2007.
(Added by Stats. 2001, 1st Ex. Sess., Ch. 10, Sec. 1. Effective August 13, 2001. Note: Termination applies to Division 1.5, commencing with Section 3300.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.7 - Golden State Energy Act › PART 1 - General Provisions › CHAPTER 1 - Preliminary Matters › Section 3400.

3400. This division shall be known, and may be cited, as the Golden State Energy Act.
(Added by Stats. 2020, Ch. 27, Sec. 12. (SB 350) Effective January 1, 2021.)
2023 California Code › Public Utilities Code - PUC › DIVISION 1.7 - Golden State Energy Act › PART 1 - General Provisions › CHAPTER 1 - Preliminary Matters › Section 3401.

3401. (a) The Legislature finds and declares all of the following:
(1) The safe, efficient, and reliable generation, procurement, transmission, distribution, and storage of energy for residents and businesses in California is essential for living and doing business in California. The economic strength and productivity of California and its residents require the availability of energy with which to operate their businesses and live safely in their homes.
(2) Californians residing, working, or doing business within Pacific Gas and Electric Company’s service territory deserve to be served by a utility that prioritizes operational safety and efficiency, is prudently managed and soundly financed, and has a capital structure that enables it to make critical safety investments.
(3) The Legislature recognizes that Pacific Gas and Electric Company may meet the requirements of Chapter 79 of the Statutes of 2019 and emerge from bankruptcy as a transformed utility that is positioned to provide Californians with access to safe, reliable, and affordable service.
(4) The purpose of this division is to ensure that if Pacific Gas and Electric Company fails to emerge from bankruptcy as a transformed utility, then Golden State Energy is duly empowered to serve in that critical role.
(b) It is the intent of the Legislature that Golden State Energy act pursuant to this division only in the event that a transformed utility does not emerge from the bankruptcy or the transformed utility fails to meet its duty to provide safe, reliable, and affordable energy services.
(c) A failure of Pacific Gas and Electric Company to exit bankruptcy will result in a risk to or delay of fair compensation to the victims that have already been waiting years to put their lives back together. It is therefore the intent of the Legislature that, should Pacific Gas and Electric Company not exit its bankruptcy, Golden State Energy be positioned to take over the utility and compensate victims.
(d) It is the intent of the Legislature that the commission regulate Golden State Energy as an electrical and gas corporation, except that the commission should recognize its status as a nonprofit public benefit corporation, which does not have shareholders and operates for its customers and for the benefit of the people of California. Due to this difference, it is necessary to establish some alternative procedures for Golden State Energy.
(Added by Stats. 2020, Ch. 27, Sec. 12. (SB 350) Effective January 1, 2021.)