The California Global Warming Solutions Act of 2006 tasks the State Air Resources Board with regulating greenhouse gas emissions, including through market-based mechanisms like direct allowance allocations to utility companies. Existing law mandates that revenues from these allocations be passed to customers as the electric and natural gas California Climate Credits, with the Public Utilities Commission (PUC) overseeing compliance. This bill would standardize the distribution timing of these credits—requiring the electric credit to appear in August and September bills for residential and small business customers and the natural gas credit in December bills for residential customers. Since violating PUC regulations is a crime, the bill creates a state-mandated program but specifies that no reimbursement to local agencies is required under state reimbursement rules.