BILL ANALYSIS                                                                                                                                                                                                    �



                                                                  AB 2409
                                                                  Page  1

          Date of Hearing:   May 16, 2012

                        ASSEMBLY COMMITTEE ON APPROPRIATIONS
                                Felipe Fuentes, Chair

                     AB 2409 (Allen) - As Amended:  May 2, 2012 

          Policy Committee:                              Jobs, Economic 
          Development and the Economy                   Vote: 4-2
                        Natural Resources                     7-0

          Urgency:     No                   State Mandated Local Program: 
          No     Reimbursable:              No

           SUMMARY  

          This bill requires the California Energy Commission (CEC), in 
          collaboration with the Public Utilities Commission (CPUC), the 
          Treasurer's Office, the State Air Resources Board, and the 
          California Infrastructure and Economic Development Bank, to 
          review and develop emerging technology financing models for 
          purposes of helping California meet its clean technology goals.

           FISCAL EFFECT  

          One-time costs to the CEC and the other participating entities 
          totaling in the tens of thousands of dollars (various special 
          funds).

           COMMENTS  

           1)Rationale  .  The author contends California lacks the resources 
            to finance its ambitious energy efficiency goals.  He further 
            asserts that aggressively and collaboratively exploring 
            existing, innovative financing models and, if needed, 
            redesigning them to fit California's needs using the expertise 
            already present in the multitude of state agencies 
            implementing energy efficiency financing and programs, is the 
            only practical mechanism for acquiring the financial capital 
            needed to achieve California's efficiency reductions goals, 
            reducing emissions as mandated by AB 32, and putting thousands 
            of Californians back to work.

           Analysis Prepared by  :    Jay Dickenson / APPR. / (916) 319-2081 









                                                                  AB 2409
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