Video & Transcript : 'energy finance' :

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HI

Hawaii 2025 Regular Session

EEP Public Hearing - Thu Feb 6, 2025 @ 9:00 AM HST

Energy & Environmental Protection

Transcript Highlights:
  • Okay, first on the agenda this morning we have House Bill 977 relating to energy financings.
  • loans for underserved ratepayers from the Clean Energy and Energy Efficiency Revolving Loan Fund.
  • </c><00:06:50.160><c> financings</c><00:06:50.840><c> this</c><00:06:51.039><c> gives</c> to energy financings
  • this gives to energy financings this gives additional<00:06:51.800><c> funding</c><00:06:52.280><c>
  • and Energy Efficiency clean energy and Energy Efficiency revolving<00:08:09.120><c> Loan</c><00:08:09.400
Keywords: 910, house, all
Summary: The Committee on Energy and Environmental Protection heard testimony on a series of energy, transportation, climate, and waste bills. HB 977 would provide additional funding to the Hawaii Green Infrastructure Authority for low-interest financing of rooftop solar and storage for underserved ratepayers; HB 1295 would require state and county agencies to use federal energy tax credits; HB 1051 concerns energy efficiency portfolio standards; HB 1019 addresses long-duration clean energy storage; HB 344 concerns EV charging infrastructure at state facilities; HB 733 would change EV parking requirements; HB 242 creates a working group on EV battery reuse and recycling; HB 1022 expands access to energy industry information reporting; HB 1017 repeals the greenhouse gas sequestration task force; HB 787 asks for a feasibility study on a Buy Clean program; and HB 751 sets composting goals. Testimony was largely supportive across the bills, with some agencies standing on written testimony or offering comments, and a few measures drawing opposition or concerns, including HB 751 from county agencies and HB 242 from Redwood Materials requesting inclusion of a specialized battery recycler on the working group. Members asked several questions, including about EV charging siting, whether bike parking and showers should be considered in EV facility planning, how often EV charging stalls are relocated to other sites, and whether Hawaiʻi has in-state capacity to prepare EV batteries for shipping and recycling. On HB 751, the committee discussed county diversion rates and Maui’s composting capacity, with the Department of Health noting Maui’s diversion decline was tied to closure of the EKO co-composting facility at Central Maui landfill and that reestablishment was planned. On HB 242, Redwood Materials explained it handles lithium-ion batteries, including work related to the Maui wildfire response, and said a full in-state recycling chain is unlikely, though local facilities can safely prepare batteries for shipment. In decision-making, the committee voted to pass all of the measures with amendments. For HB 977, the committee noted a recommended appropriation of $50 million and made technical amendments. HB 1295, HB 1051, HB 1019, HB 344, HB 733, HB 242, HB 1022, HB 1017, and HB 787 were all advanced with technical or substantive amendments, including changes to dates, appropriations, and working group membership. For HB 344, the committee accepted DAGS’s suggestion to make HSEO the expending entity and adjusted the appropriation to one year. For HB 242, the committee added a battery storage industry member, included stationary storage as a consideration, and extended the reporting date to 2027. HB 787 was advanced with a request that the Climate Commission and State Procurement Office work together on more specific amendments if the bill continues moving forward.
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-04-17 - 11:30AM

Vermont Senate Floor Meeting

Transcript Highlights:
  • I move that the Committee on Finance be relieved of H. 727, an act relating to sustainable data center
  • deployment, and that the bill be committed to the Committee on Natural Resources and Energy.
  • Are you ready for Resources and Energy. Are you ready for the<00:07:51.960><c> question?
  • Okay, I got two that say finance, but that goes to Appropriations.
  • that say finance, but that goes<00:09:20.840><c> to</c><00:09:20.960><c> Approps.
Keywords: 927, senate, all
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Mar 18th, 2025

House Appropriations & Finance

Transcript Highlights:
  • Renewable energy and other industries.
  • Sovereign Energy is a native-led nonprofit organization supporting energy deployment and tribal capacity
  • So, this is talking about renewable energy sources.
  • Would that qualify as energy efficiency because it would conserve energy? Mr.
  • They have the grant programs for energy efficiency.
WA

Washington 2025-2026 Regular Session

House Finance Jan 23rd, 2026

Transcript Highlights:
  • The state renewable energy tax is imposed on qualified renewable energy systems that become operational
  • For renewable energy systems using wind power to generate electricity, the state renewable energy rate
  • For renewable energy systems using wind power to generate electricity, the state renewable energy rate
  • I lead our climate and energy strategy.
  • We're a clean energy advocacy organization, and we have a lot of clean energy developers in our membership
Summary: House Finance met on Friday, January 23rd, and heard three bills. On House Bill 2194, staff explained that the bill would allow a county and a city within that county to both impose the cultural access sales and use tax at the same time, with the county providing a credit for the city tax. Representative Parsley said the change would let more jurisdictions support cultural, arts, science, and school-related programs. Olympia and Thurston County officials testified in support, describing grant funding for cultural organizations, free programming, and school access benefits; a committee member raised a question about how the change could affect county bond obligations. The committee then heard House Bill 2089, which would narrow a B&O tax preference for first mortgage interest by removing the requirement that a financial institution be located in 10 or more states, and direct the resulting revenue to the wildfire response, forest restoration, and community resilience account. Staff said the bill would raise significant revenue and have implementation costs for the Department of Revenue. Representative Scott said the bill was intended to restore wildfire funding and limit the preference to community banks, while opponents from the Washington Bankers Association and Community Bankers of Washington warned the bill could harm community banks and mortgage lending if not drafted carefully. The Department of Natural Resources and a public employee representative supported restoring wildfire preparedness funding. Finally, the committee heard a proposed third substitute for House Bill 1960, which would replace property taxation for new or repowered large renewable energy facilities and battery storage systems with a state and local excise tax structure, while also creating a local investment distribution account and a tribal capacity grant program. Staff and the sponsor described the bill as a way to reduce property tax shifts onto nearby taxpayers and provide more stable, predictable revenue for local governments and tribes. County officials, assessors, treasurers, and some clean energy and conservation groups supported the concept but asked for clearer definitions, payment timing, and rate adjustments; utilities and renewable developers said they supported the goal but opposed the bill as drafted because of concerns about the rates and the treatment of centrally assessed utilities. No votes were taken, and the committee adjourned after closing the hearings on all three bills.
NH

New Hampshire 2025 Regular Session

House Municipal and County Government (03/03/2025)

Municipal and County Government

Transcript Highlights:
  • </c> totaling $2.5 million for energy totaling $2.5 million for energy conservation<01:46:14.920><c>
  • </c> wanted to use a lease with Energy wanted to use a lease with Energy savings<02:13:45.719><c> to<
  • </c><02:16:51.080><c> critical</c> they need uh to finance critical they need uh to finance critical
  • > um series uh is supportive of Energy um series uh is supportive of Energy Efficiency<02:17:02.240><
  • </c><02:29:13.800><c> work</c><02:29:14.240><c> energy</c> three phases of energy work energy three phases
Keywords: 928, house, all
Summary: The Municipal and County Government Committee held public hearings on House Bill 471 and House Bill 373. HB 471 would create a temporary commission to study growth, traffic, planning, and land use issues in a group of southern New Hampshire towns, with possible recommendations on regional planning commission boundaries or coordination. Representative Perez said the bill was requested by Londonderry residents and local officials, and Eric Power of Brookline testified in support, saying the towns share corridor and development issues that cross regional planning commission lines. Several members questioned whether existing law already allows towns to form regional planning commissions under RSA 364:6, whether the bill should be broader, and whether the town list should include additional communities. The hearing closed with testimony counts reported as two in support and three opposed on remote sign-in, plus one opposed and one in support on the blue sheet. HB 373, sponsored by Representative Diane Powers, would revise RSA 41:11-a on town property leases. Powers said current law is too restrictive because leases over five years require repeated town votes, which she argued is impractical for long-term arrangements. She cited examples from Hampton and Brookline, including long-term road and property leases, and said she had found multiple similar cases. The bill would keep select board authority for leases under one year, allow a legislative body to authorize a specific longer lease by a three-fifths ballot vote, and preserve the existing five-year blanket leasing authority with a three-fifths vote, while keeping existing leases valid if authority is later rescinded. Eric Power testified in support, describing recurring lease renewals in Brookline and saying longer terms are needed for projects such as housing, cell towers, and solar arrays. Members asked about the change from a simple town vote to a three-fifths threshold and whether the bill duplicates existing mechanisms; Powers said the higher threshold was intended because the leases involve long-term commitments. No votes were taken during the hearing portion described.
CA
Transcript Highlights:
  • Energy Safety's primary mechanism for doing so is the wildfire mitigation plan.
  • Energy Safety doesn't set compensation values and rates.
  • And third, develop state-led financing strategies for resilience.
  • can be financed, and victims are protected.
  • And then tomorrow afternoon, I'll be at the Assembly Energy Committee. Yeah.
Summary: The hearing focused on the SB 254 Natural Catastrophe Resiliency Study and its recommendations for addressing California’s wildfire risk, utility liability, and the financing of catastrophic losses. Committee members and presenters discussed the history of the wildfire fund created after the 2018 fire crisis and PG&E bankruptcy, the role of the California Earthquake Authority as fund administrator, and the report’s three broad policy pathways: continuing mitigation investments, more equitably allocating catastrophe costs, and considering expanded state involvement in catastrophe financing. Presenters emphasized that the report was intended as a neutral, stakeholder-informed analysis rather than an advocacy document, and that the status quo is not working well for survivors, ratepayers, insurers, or utilities. CEA, CPUC, and the Office of Energy Infrastructure Safety each described their contributions and recommendations. CEA outlined options such as risk-tolerance standards for utilities, preserving safety certificate accountability, tying executive compensation more directly to safety, confidential near-miss reporting, liability reforms, and a fast-pay facility for survivors. CPUC stressed that wildfire mitigation and liability costs are a major driver of electricity affordability problems, and said the state should broaden how wildfire recovery and mitigation are funded beyond ratepayers alone. Energy Safety highlighted its wildfire mitigation plan oversight and recommended stronger safety reporting and stronger safety weighting in utility executive compensation. The modeling portion of the report estimated that a more durable wildfire fund could require about $36 billion in capitalization, with lower initial capital needs if risk transfer or liability reforms are used, but potentially higher ongoing premium or assessment costs. The report also examined state-backed insurer or backstop models, post-event funding mechanisms, and targeted community wildfire mitigation, which could reduce overall funding needs. Members raised concerns about the cost burden on ratepayers, the financial stability of utilities, the fairness of asking communities outside high-risk areas to pay, the role of local governments and home hardening, and whether broader climate-related liability or insurance reforms should be considered. No votes were taken; the hearing was informational and ended with plans for further committee hearings and stakeholder discussion.
CA
Transcript Highlights:
  • Department of Finance. Tom Kahn, Department of Finance.
  • Yeah, and I'll come to permanent finance.
  • Department of Finance, do you have anything?
  • For example, utility assistance, financial energy assistance...
  • Utility assistance, financial energy assistance—energy providers feel that they're able to address those
Keywords: 988, house, all
WV

West Virginia 2026 Regular Session

Senate in Session Mar 14th, 2026 at 09:19 pm

West Virginia Senate Floor Meeting

Transcript Highlights:
  • The purpose of this amendment is to empower the Office of Energy to develop a comprehensive energy development
  • to create a comprehensive energy policy.
  • Beyond energy savings programs to create a comprehensive energy policy and development plan that embraces
  • The Office will prepare more energy.
  • The Office of Energy will also work with communities to designate energy-ready development sites.
Keywords: 994, senate, all
CA

California 2025-2026 Regular Session

Senate Energy, Utilities and Communications Committee Apr 21st, 2026

Energy, Utilities and Communications

Transcript Highlights:
  • A study by Synapse Energy Economics Inc. found that the revenues By Synapse Energy Economics Inc. found
  • So last year was a big year in energy policy.
  • PUC to evaluate alternative financing.
  • demand forecast by our Energy Commission.
  • demand forecast by our Energy Commission.
Keywords: 987, senate, all
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-04-24 - 11:30AM

Vermont Senate Floor Meeting

Transcript Highlights:
  • The energy committee has made the presentation. Good morning, Mr. President.
  • Within three years, energy savings and utility agreements are in place.
  • Within three years, energy savings and utility agreements are in place.
  • I am now in Washington, and Senator Watson is looking at the bill from the finance side.
  • I am now in Washington, and Senator Watson is looking at the bill from the finance side.
Keywords: 927, senate, all
HI

Hawaii 2025 Regular Session

EIG-AEN, EIG-HOU, EIG Public Hearings 03-11-2025

Energy and Intergovernmental Affairs

Transcript Highlights:
  • Mark Glick from the State Energy Office.
  • First on our agenda is House Bill 977, HD1, relating to energy financing.
  • </c><00:18:26.080><c> financing</c><00:18:27.080><c> first</c> HD1 relating to energy financing first
  • HD1 relating to energy financing first on<00:18:27.559><c> our</c><00:18:27.960><c> testifiers</c><00
  • financing.
Keywords: 912, senate, all
Summary: The joint committees heard testimony on several energy- and environment-related measures. HB 242 HD1 on electric vehicle batteries drew support from the Department of Health, the Hawaiʻi State Energy Office, SERFCO, and the Alliance for Automotive Innovation; the Energy Office suggested a broader working group covering all lithium-ion batteries, and members later adopted amendments including a date change and revised timing language. HB 751 HD2 on statewide organic waste reduction and diversion received mixed testimony, with the Department of Health opposing it over concerns about compostable food packaging and incomplete testing data; the committee nonetheless moved the bill forward with amendments removing compostable food packaging from the definition of organic waste and changing the effective date to July 1, 2050. The committees also considered HB 1020 HD1 on a statewide program to characterize carbon sequestration potential and underground water resources. The Hawaiʻi State Energy Office and Ulupono supported the measure as part of a broader geothermal and energy security effort, while members raised concerns about overlapping roles between agencies and the need for a single coordinated voice. The committee ultimately amended the bill to place DBEDT in charge, with technical changes, and passed it. In a separate portion of the hearing, HB 350 HD2 on energy was heard with support from the State Energy Office, industry, and advocacy groups; opponents argued the existing solar water heater law is working and that variances already allow flexibility. The committee passed HB 350 unamended. Later, the committee heard HB 977 HD1 on energy financing, HB 1017 HD1 on the greenhouse gas sequestration task force, HB 1051 HD1 on energy efficiency portfolio standards, and HB 1406 HD1 on government procedures. HB 977 received support from the Public Utilities Commission, DCCA, and others and was advanced with technical, non-substantive amendments. HB 1017, which would repeal the greenhouse gas sequestration task force, and HB 1051, which sets energy efficiency benchmarks, were both passed unamended. HB 1406, a task force bill aimed at improving permitting and regulatory processes, was amended to add a Senate representative, include the State Energy Office, make the bill effective on approval, and note prior funding requests in the committee report; it was then adopted. Votes were recorded on each measure, with some members excused and HB 751 drawing one no vote from Senator Rhoads.
WV

West Virginia 2026 Regular Session

Senate in Session Mar 10th, 2026 at 05:02 pm

West Virginia Senate Floor Meeting

Transcript Highlights:
  • do pass, but under the original double committee reference first be referred to the Committee on Finance
  • Under the original double committee reference, the bill will be referred to the Committee on Finance.
  • policy and plan for the Office of Energy.
  • policy and plan for the Office of Energy.
  • First reading of the bill. policy and plan for the Office of Energy. First reading of the bill.
Keywords: 994, senate, all
Summary: The Senate first took up Senate Bill 155 on adjunct teaching permits. After adopting a Senate amendment to the House amendment, the chamber concurred in the House amendment as amended and passed the bill 33-0, with one member absent and not voting. The amendment was described as creating an exception so a criminal history check would not be required every year, and the bill was presented as a tool to help county boards fill vacancies, especially in shortage areas. The chamber then received a large number of committee reports and advanced several House bills on first reading. These included measures on creating the Team West Virginia Corporation, establishing the West Virginia Collaboratory, the Foster Youth Post-Secondary Transition Awareness Act, business-ready site programs, volunteer fire company allowances, extending qualified opportunity zones, natural resource police retirement, PEIA treatment flexibility, PANS/PANDAS, ALS care services, abuse prevention, the respiratory care interstate compact, peer support services, tax lien sales, the Neighborhood Investment Program, bonds for the Science and Culture Center, and a comprehensive energy development policy and plan. Several bills were reported as amended by committees, and one energy bill was referred to the Rules Committee. Additional committee action included reports on a bill to repeal the school-transfer eligibility protection, a load forecast accountability bill, oil and gas well plugging provisions, a TANF drug-screening extension, and a bill authorizing the Supreme Court of Appeals to create child protection commissioners. Most of these were advanced on first reading after unanimous consent. The Senate then moved to adjourn until the next day, with announcements of upcoming committee meetings before the chamber adjourned.
ND
Transcript Highlights:
  • And as well as wind energy. When wind energy...
  • energy conferences.
  • We have an Energy Hawks program, which I'll touch on a little bit later as well, through the State Energy
  • That is exactly why I chose finance. Finance is a field... That is exactly why I chose finance.
  • I spent 46 years in the energy industry.
Keywords: 908, all
Summary: The committee first reviewed the 2024-25 tuition waiver report for the North Dakota University System. Staff explained that waivers were reported for degree-seeking students and broken out by residency, institution, and waiver type. Members asked about partial versus full waivers, institutional discretion, athletic waivers, and whether campuses have published guardrails or transparency requirements. Staff said most waivers are set by institutions, with some statutory and board-required categories, and that athletic waivers are a small share of total waiver dollars. The report showed total gross tuition of $354.5 million, tuition waived of $38.9 million, and 11,193 of 42,040 students receiving some waiver. Members also discussed how waivers affect net tuition revenue, housing and food collections, and whether campuses are using waivers strategically compared with scholarships and other funding sources. The committee then heard a presentation on tuition rates by campus and State Board policy. Staff explained the board’s tuition factors for resident, Minnesota reciprocity, contiguous-state/U.S. nonresident, and international students, and noted that campuses often seek exceptions based on program-specific competition and enrollment goals. Members asked whether rates are based on cost or competition, and staff said campuses typically bring forward estimates and market comparisons when requesting special rates. The presentation also reviewed general fund appropriations versus net tuition revenue by campus, and members discussed how local tuition decisions and waivers do not directly affect the state funding formula, though they do affect institutional revenue and reserves. Questions were also raised about the Higher Learning Commission’s financial composite indicator and how it differs from the more intuitive reserve and revenue figures. The committee next received a broad overview of non-higher-education entities affiliated with the State Board of Higher Education, beginning with NDSU agriculture-related units. Dr. Greg Lardy described the State Board of Agricultural Research and Education, the NDSU Extension Service, the Agricultural Experiment Station, and the branch research centers, emphasizing their statewide role in crop and livestock research, extension education, and county-based outreach. He outlined funding mixes for extension, the experiment station, and branch stations, noting that grants and contracts support both research and education, while the agronomy seed farm is self-funded through seed sales. Members asked about the new and vacant FTE pool, R1 research status, matching requirements for grants, and whether state appropriations count toward research expenditures. Dr. Lardy also highlighted major research impacts, including crop varieties, virtual fencing, AI-assisted weed control, and NDAWN weather data. The Northern Crops Institute and the Upper Great Plains Transportation Institute also presented. NCI described its role in market development, technical services, and education for regional agriculture, its governance through the Northern Crops Council, and its funding from state appropriations, other states, and earned revenue. Members asked about the source of out-of-state funding, intellectual property, and the institute’s international reach. UGPTI then outlined its transportation research, federal and state funding structure, and work on road and bridge condition assessments, travel demand modeling, and workforce training. No votes were taken during the portion of the meeting reflected in the transcript.
CA
Transcript Highlights:
  • LAO and the Department of Finance, specifically on these amendments.
  • March from Department of Finance. [Department of Finance witness] Good morning, chairs and members.
  • [Department of Finance witness continues] ...outliers.
  • bills or your energy usage.
  • March from the Department of Finance, and Ms. Kirstein from the LAO.
Keywords: 987, senate, all
MA

Massachusetts 2025-2026 Regular Session

Senate Session (Full Formal with Calendar) Jul 1st, 2026

Massachusetts Senate Floor Meeting

Transcript Highlights:
  • And there is a thermal energy working group, a clean thermal energy working group established in the
  • to our energy situation and our decarbonization efforts.
  • of geothermal energy.
  • That different forms of energy are subsidized.
  • And yes, today this energy bill is also a housing bill.
Summary: The Senate continued debate on House 5175, An Act Relative to Energy Affordability, Clean Power, and Economic Competitiveness, taking up a series of amendments focused on clean energy procurement, oversight, gas infrastructure, housing impacts, and ratepayer costs. Amendment 22, offered by Senator Rogers, was rejected 5-34 after he argued the underlying bill already improves clean energy procurement and reduces utility middlemen. Senator Tarr then offered Amendment 34 to expand reporting, oversight boards, and consumer representation, and to strike provisions on consumer choice, gas program frameworks, and municipal procurement authority; it was also rejected 5-34 after supporters of the bill said the legislation already strengthens oversight through the EEAC, a new review board, and DPU audits. The chamber also considered Amendment 77 by Senator Eldridge to end ratepayer-funded gas line extension subsidies for new construction. Supporters said the subsidy unfairly shifts costs to all ratepayers, favors gas over cleaner alternatives, and could save about $1.6 billion over ten years; opponents argued it could raise housing construction costs, especially for gateway cities and large projects. After extended debate, the amendment failed 19-20. Senator Moore withdrew Amendment 65, which would have created a commission on reducing emissions from medium- and heavy-duty vehicles while preserving long-term zero-emissions goals. Several other amendments were adopted, including measures on low-income discount charges, environmental justice protections, data and tax printing, and increased access to plug-in solar. The Senate also adopted the Ways and Means amendment, ordered the bill to a third reading, and then passed it to be engrossed by a roll call vote of 32-8. Separately, the Senate adopted a Judiciary extension order after removing two bills from it, and agreed to adjourn in memory of Robert G. Najarian.
NH

New Hampshire 2026 Regular Session

Senate Session (01/29/2026)

New Hampshire Senate Floor Meeting

Transcript Highlights:
  • ; non-FN bills approved for referral to Finance by the day's fiscal note report to the Committee on Finance
  • The Senate Finance general public.
  • </c> finance would wave uh that bill. finance would wave uh that bill.
  • Energy.
  • And I'll say about energy energy costs.
Keywords: 1191, senate, all
HI

Hawaii 2025 Regular Session

CPN-EIG, CPN-HHS, CPN DEFER Public Hearings 02-11-2025

Commerce and Consumer Protection

Transcript Highlights:
  • This bill is critical for financing parties for all existing projects and to ensure financing is available
  • energy projects investments in Hawaii energy projects thank<00:13:07.279><c> you</c><00:13:07.320><c
  • </c><00:49:13.000><c> at</c> may not be able to obtain financing at may not be able to obtain financing
  • </c><00:50:12.839><c> projects</c> mesco we've been doing energy projects mesco we've been doing energy
  • So new renewable energy projects are critical for reliable, affordable, and continued energy supply.
Keywords: 912, senate, all
Summary: The joint Senate hearing focused primarily on SB 1201, a wildfire measure that would create a wildfire recovery fund and allow securitization for electric utilities. Hawaiian Electric strongly supported the bill, saying it would help protect customers, property owners, insurers, and the broader economy from future catastrophic wildfire liability while improving the utility’s credit profile and lowering financing costs. Support also came from DCCA Consumer Advocacy, the Attorney General’s office on written comments, Ulupono Initiative, Clearway Energy Group, IBEW Local 1260, Par Hawaii, KIUC, the Chamber of Commerce Hawaiʻi, Plus Power, and numerous organizations and individuals. Opponents or commenters raised concerns about the liability cap, victim compensation process, and fund structure, including the Hawaiʻi Association for Justice, the Hawaiʻi Regional Council of Carpenters, and the Hawaiʻi Insurance Council; Henry Curtis of Life of the Land supported the concept of a fund but questioned the catastrophe threshold and whether the fund would be empty without a prudency finding. Much of the discussion centered on whether the proposed fund would actually help restore Hawaiian Electric to investment grade, with senators comparing the proposal to California’s wildfire fund. Hawaiian Electric said the bill was only one part of a broader process, alongside physical risk reduction and settlement finalization, and argued that without the bill the utility would not regain investment grade. Senators also questioned the proposed $1 billion fund size, the fairness of ratepayer contributions versus shareholder contributions, and whether customers should pay for consulting and administrative costs; Hawaiian Electric said its proposed amendment would remove those consulting-related charges. The company also said the fund would accrue interest and, if unused, could be returned to customers, and that there would be replenishment and supplemental contribution mechanisms if the fund were exhausted. The Attorney General’s office said it still had further amendments to discuss, and the departments had not yet resolved where the fund should reside administratively, though Hawaiian Electric said it believed DCCA was the appropriate place but was open to alternatives. KIUC requested two amendments. No vote or final committee action was taken during the hearing, and the measure remained under discussion with questions and proposed amendments still outstanding.
CA
Transcript Highlights:
  • Hi, Henry Ng, Department of Finance.
  • And Department of Finance, any? Chris Hill, Department of Finance: We have no comments either.
  • Do we have comments from the Department of Finance? Chris Hill, Finance: Again, no comments. LAO?
  • Chris Hill, Finance.
  • Do we have any comments from the Department of Finance? David Tahn with the Department of Finance.
Summary: The subcommittee first received an informational update on the Governor’s Office of Service and Community Engagement (GoServe), including California Volunteers, the Office of Community Partnerships and Strategic Communications, and the Youth Empowerment Commission. GoServe reported strong participation in College Corps, Youth Service Corps, and Climate Action Corps, along with outreach results from OCPSC and the Trusted Messenger Network. The Department of Finance said the programs remain a priority but noted prior budget reductions, while the LAO said it had no new recommendations. Committee members raised questions about program diversity, geographic reach, administrative costs, and whether the programs duplicate existing volunteer opportunities; one member criticized the programs as costly and duplicative, while another emphasized the value of volunteerism and asked about the men’s service challenge. The item was informational only. The committee then heard an overview of the Board of Equalization’s property tax responsibilities and its first budget proposals since the 2017 reorganization. BOE described its role in county assessment oversight, state-assessed property valuation, and related tax administration. Members asked about BOE’s interaction with counties, property tax reassessments, and local tax notices; BOE explained it mainly works with county assessors and handles technical property tax questions, while local special district charges are generally outside its scope. The committee also considered a BOE proposal to implement SB 293, which would give additional time for certain intergenerational property tax transfer claims after the 2025 wildfires. BOE requested $154,000 for guidance, public materials, and inquiry response work, saying the change is urgent for wildfire-affected families, especially in Altadena. The LAO had no concerns, and the item was held open. BOE also presented an information technology modernization proposal for its state-assessed property program, seeking $3.2 million in 2026-27 and $3.1 million in 2027-28 to replace a 30-year-old mainframe system. BOE said the current system relies heavily on manual data entry and paper processes, creating inefficiencies, cybersecurity risks, and delays, while modernization would free staff for more audits and valuation studies. The LAO supported the need but urged a high bar for new IT projects; Finance said the project met the threshold of necessity. Members generally supported the upgrade but asked about audit gains, revenue impacts, and implementation risks, and the item was held open. Finally, CDTFA gave its department overview and then discussed a proposal to require all delivery network companies, such as Uber Eats and DoorDash, to be treated as marketplace facilitators for sales tax purposes. CDTFA said the current carve-out creates confusion for restaurants and small businesses because some DNCs collect and remit tax while others do not, and the change would improve compliance and shift reporting to larger platforms. Members debated whether the proposal amounts to a tax increase for consumers, with CDTFA and Finance arguing it is a consistency and compliance measure rather than a new tax, while others said it would likely raise consumer costs. The committee also discussed broader CDTFA issues, including local sales tax districts, revenue-sharing agreements, and the growth of special taxing jurisdictions. No votes were taken, and the agenda items were informational or held open.
CA
Transcript Highlights:
  • A study by Synapse Energy Economics Inc. found that the revenues By Synapse Energy Economics Inc. found
  • So last year was a big year in energy policy.
  • alternative financing.
  • alternative financing.
  • demand forecast by our Energy Commission.
Summary: The committee heard several energy, water, and utility bills, with extensive testimony on cost, ratepayer impacts, and climate or reliability goals. SB 919 by Senator Grayson would extend the biomethane monetary incentive program through 2030 and support renewable natural gas development by reducing interconnection cost barriers. Supporters said RNG helps methane reduction and organic waste diversion, while opponents, including TURN and environmental groups, argued the bill could shift costs to ratepayers and subsidize combustion-based fuels, especially dairy digesters. The author said committee amendments removed the rate-basing provisions and instead urged the CPUC to act quickly on its pending decision; the bill was left for a later vote. SB 931 by Senator Laird would reauthorize the Diablo Canyon Community Impact Mitigation Program through 2030. Supporters said San Luis Obispo County and local schools rely on the funding for emergency preparedness and public safety, while TURN argued the extension would add about $47 million in statewide ratepayer costs and should instead be paid from existing PG&E deal revenues. Members discussed the bill as a continuation of the 2022 Diablo Canyon agreement, and the author said the measure simply restores the five years omitted from that deal. The committee also heard SB 1215 by Senator Cortese, which would direct the CPUC to set deployment targets for EV charging in multifamily housing. Supporters said renters and apartment residents are largely shut out of home charging, and that prior utility programs showed the model can be cost-effective and beneficial to ratepayers. The bill was amended to address affordability, ratepayer benefits, and limits on major system upgrades. SB 1295 by Senator Stern would create a framework for using distributed batteries and other local resources to solve grid constraints more cheaply than traditional infrastructure. Supporters said it could improve reliability and reduce costs by targeting batteries where they provide the most grid value, while utilities said they were open to continued discussion. SB 1359, also by Senator Stern, would require the CPUC to more carefully evaluate major gas infrastructure investments and alternatives such as electrification before approving new spending. Environmental groups supported the bill as a guardrail against stranded assets, while gas utilities opposed it, warning it could undermine the obligation to serve, create safety and reliability risks, and retroactively change the rules for approved investments. On water policy, SB 1125 by Senator Menjivar would create a statewide low-income water rate assistance program upon appropriation. Supporters said about 1.6 million households have water debt and that affordability is a statewide issue, not just a problem for disadvantaged communities. Some members raised concerns that the bill lacked a funding source and that state mandates, such as chromium-6 treatment requirements, already strain local water agencies; the author and supporters responded that the bill includes administrative caps and transparency measures and is intended to work alongside future funding. The committee then heard SB 1098 by Senator Pérez, which would restrict the use of utility memorandum and balancing accounts by requiring exceptional circumstances, adding sunset dates, and creating cost-sharing or lower-return rules for certain spending. TURN and other supporters said the accounts allow utilities to recover costs after the fact with too little discipline, while Edison and PG&E opposed the bill, arguing that some costs are unpredictable and that the CPUC already has a formal review process. SB 1125 was moved to Appropriations with a roll call, and the roll was left open for additional votes; the other measures were discussed with no final committee actions announced in the excerpt.
CA

California 2025-2026 Regular Session

Assembly Natural Resources Committee Apr 20th, 2026

Natural Resources

Transcript Highlights:
  • AB 1577 requires data centers to report various energy usage statistics to the Energy Commission on a
  • Financing these things is changing, too.
  • For energy security, energy affordability, resilience, safety, labor markets, water desalination, climate
  • I really do think that, obviously, my views about nuclear energy being a carbon-free source of energy
  • California is facing a serious energy crisis.
Keywords: 988, house, all