Added by Stats. 2025, Ch. 119, Sec. 6. (SB 254) Effective September 19, 2025.
(a)The accelerator shall develop a public-private partnership plan to develop financing options that maximize debt financing to reduce overall capital costs and facilitate public-private partnership development of eligible transmission projects to achieve ratepayer savings.
(b)The plan shall do both of the following:
(1)Evaluate the role of the accelerator to identify and develop public-private partnerships and matching participating parties with public sponsors, including, but not limited to, the accelerator designating a public entity to support the implementation of eligible transmission projects under Article 10.5 (commencing with Section 63049.71) of Chapter 2 of
Division 1 of Title 6.7 before the Independent System Operator receives bids and determines the outcome of the competitive bidding process.
(2)Effectuate eligible transmission project development that is consistent with the Independent System Operator’s procedures and requirements.
(c)The accelerator shall submit its public private partnership plan to the Legislature on or before July 1, 2027.
(d)For purposes of this section, the definitions in Section 63049.71 shall apply.
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Other sections in Article 10 - Energy Unit