BILL NUMBER: AB 2409	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  APRIL 18, 2012
	AMENDED IN ASSEMBLY  MARCH 29, 2012

INTRODUCED BY   Assembly Member Allen

                        FEBRUARY 24, 2012

   An act to add Section 25228 to the Public Resources Code, relating
to energy efficiency.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2409, as amended, Allen. Energy efficiency.
   Existing law requires the State Energy Resources and Conservation
Commission to implement various programs to provide financial
assistance to specified entities for energy efficiency improvements.
   This bill would require the commission, in collaboration with
specified entities, to review  and develop  emerging
 markets and   technology  financing
models  for financing   used in other states to
finance  energy efficiency  improvements  
technology deployments  and services that  maximizes
  maximize  private sector investment  with
minimal public financial investment.   in California.
The bill would also authorize the commission to establish and consult
with an investment advisory group consisting of private and public
investors. 
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 25228 is added to the Public Resources Code, to
read:
   25228.  The commission, in collaboration with the Public Utilities
Commission, the Treasurer's office, the State Air Resources Board,
and the California Infrastructure and Economic Development Bank,
shall review and  develop   make recommendations
based on  emerging  markets and  
technology  financing models  used in other states  to
 provide financing for   finance  energy
efficiency  technology deployments   improvements
 and services  that maximizes   with
the goal of maximizing  private sector investment  with
minimal public financial investment.   in California. In
addition to collaborating with these entities, the commission may
establish and consult with an investment advisory group consisting of
private and public investors for purposes of understanding what
private investors have   determined are the best models
suited for helping California finance energy efficiency deployments.
 The commission shall, at a minimum, examine all of the
following:
   (a) Long-term  finance   financing 
options, including, but not limited to, establishing, facilitating,
or improving bonding authority to provide tax-exempt bonds, private
activity bonds, or private investment bonds. 
   (b) Potential immediate and long-term financing capabilities for
various financing models.  
   (c) 
    (b)  Potential  financing models  for
implementing shared savings agreements  between purchasers and
sellers of energy e   fficiency technologies  .

   (d) Potential for developing a market dedicated to extracting all
of the financial values for energy efficiencies and energy management
services.  
   (e) 
    (c)   Potential market development for 
 Potential financing models to finance  energy efficiency
 financing   improvements  for state
infrastructure  , such as building retrofits, as well as
purchases of high-efficiency alternatives for equipment that consume
energy   and equipment  . 
   (f) 
    (d)  Potential  market development for 
 financing models to finance  residential and business
 retrofits, as well as purchases of high-efficiency
alternatives for equipment that consumes energy   energy
efficiency improvements  .