California legislation · 2025-2026 Regular Session
California AB192: Energy: transmission infrastructure accelerator: financing.
Status: Chaptered, September 18, 2026
What the bill says
An act to amend Sections 11126, 12100.111, 63049.71, 63049.72, 63049.73, 63049.74, and 63050 of, and to add Section 12100.111.5 to, the Government Code, and to amend Sections 17053.40 and 23640 of the Revenue and Taxation Code, relating to energy, and making an appropriation therefor, to take effect immediately, bill related to the budget. energy, and making an appropriation therefor, to take effect immediately, bill related to the budget Energy: transmission infrastructure accelerator: financing…
From the chaptered text, September 18, 2026:
An act to amend Sections 11126, 12100.111, 63049.71, 63049.72, 63049.73, 63049.74, and 63050 of, and to add Section 12100.111.5 to, the Government Code, and to amend Sections 17053.40 and 23640 of the Revenue and Taxation Code, relating to energy, and making an appropriation therefor, to take effect immediately, bill related to the budget. energy, and making an appropriation therefor, to take effect immediately, bill related to the budget Energy: transmission infrastructure accelerator: financing. (1) Existing law creates the Energy Unit within the Governor’s Office of Business and Economic Development (GO-Biz) and requires the unit to establish a Transmission Infrastructure Accelerator (accelerator), in coordination with certain entities, for purposes of developing a financing and development strategy for eligible transmission projects receiving financing pursuant to specified provisions of the act. As part of its duties, existing law requires the accelerator to select accelerator projects that have the opportunity to receive public financing. Existing law provides for the establishment of an Independent System Operator (ISO) as a nonprofit public benefit corporation and requires the ISO to ensure efficient use and reliable operation of the electrical transmission grid consistent with achieving planning and operating reserve criteria no less stringent than those established by the Western Electricity Coordinating Council and the North American Electric Reliability Council. This bill would require the accelerator to evaluate the …