This bill would require the Energy Commission, in consultation with the Department of Community Services and Development, to develop and supervise the Climate Pollution Reduction in Homes Initiative to require gas corporations to jointly award grants for local service providers, as defined, nonprofit organizations, and regional collections of local governments to provide financial assistance to low-income households for the purchase of zero-carbon-emitting appliances. The bill would require the Energy Commission, as part of developing and administering the initiative, to develop guidelines, as specified, and authorize local service providers, nonprofit organizations, and regional collections of local governments to use those grant moneys for outreach and technical assistance, rebates, loans, installation, educational information, and other support services to assist low-income households. The bill would repeal the above-described provisions on January 1, 2029. The bill would also require the Energy Commission, on March 1 of every year from 2026 to 2030, inclusive, to submit a report to the relevant policy committees of the Legislature on the implementation of the initiative, as specified.

This bill would require the PUC commission to direct the balance of the revenues received by a gas corporation as a result of that allocation to be credited directly to the residential customers of the gas corporation, except that, until January 1, 2029, the bill would authorize the PUC to require gas corporations to annually use up to 15% of the revenues received as a result of that allocation to fund the Climate Pollution Reduction in Homes Initiative, as specified.