BILL ANALYSIS Ó AB 361 Page 1 Date of Hearing: May 20, 2015 ASSEMBLY COMMITTEE ON APPROPRIATIONS Jimmy Gomez, Chair AB 361 (Achadjian) - As Amended April 29, 2015 ----------------------------------------------------------------- |Policy |Governmental Organization |Vote:|20 - 0 | |Committee: | | | | | | | | | | | | | | |-------------+-------------------------------+-----+-------------| | |Utilities and Commerce | |15 - 0 | | | | | | | | | | | ----------------------------------------------------------------- Urgency: No State Mandated Local Program: NoReimbursable: No SUMMARY: This bill extends the sunset date for the Nuclear Planning Assessment Special Account from July 1, 2019 to July 1, 2025, to continue funding emergency service programs and planning activities for the Diablo Canyon Power Plant in San Luis Obispo County. FISCAL EFFECT: AB 361 Page 2 The Nuclear Planning Assessment Special Account had expenditures of approximately $5.5 million per year since FY 2011-12, funded entirely through regulatory fees. COMMENTS: Purpose. According to the author, Pacific Gas & Electric (PG&E) pays into the Nuclear Planning Assessment Special Account under the Office of Emergency Services. PG&E is currently scheduled to stop paying into the account on July 1, 2019, which is before its license to operate the Diablo Canyon facility, the state's only operating nuclear power plant, expires in July 2024. As a result, the Diablo Canyon facility could remain in operation without having to contribute the costs of emergency planning. AB 316 addresses this issue by extending the sunset date of the account, ensuring emergency programs remain funded throughout the duration of the Diablo Canyon facility license. Utilities do not ultimately pay the fees associated with this fund, but rather are authorized by the Public Utilities Commission to pass them along to customers. Analysis Prepared by:Joel Tashjian / APPR. / (916) 319-2081 AB 361 Page 3