BILL NUMBER: AB 2409	AMENDED
	BILL TEXT

	AMENDED IN ASSEMBLY  MAY 2, 2012
	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  Conservation
 and  Conservation   Development 
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,  and in consultation with other stakeholders,
including investor-owned utilities,  to review emerging
technology financing models used in other states to finance energy
efficiency technology deployments and services that maximize private
sector 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, 
and in consultation with other stakeholders, including
investor-owned utilities,  shall review and make recommendations
based on emerging technology financing models used in other states
to finance energy efficiency technology deployments and services with
the goal of maximizing private sector 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  avoid duplication of efforts taking place at
the Public Utilities Commission related to energy efficiency
financing, and shall  , at a minimum, examine all of the
following:
   (a) Long-term 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 financing models for implementing shared savings
agreements between purchasers and sellers of energy efficiency
technologies.
   (c) Potential financing models to finance energy efficiency
improvements for state infrastructure and equipment.
   (d) Potential financing models to finance residential and business
energy efficiency improvements.