Existing law establishes the Special Deposit Fund in the State Treasury, which consists of moneys that are paid into it in trust pursuant to law, and provides that moneys are appropriated from the Special Deposit Fund to fulfill the purposes for which payments into it are made.
Existing law establishes the Ratepayer Relief Fund in the State Treasury to benefit electricity and natural gas ratepayers and to fund investigation and litigation costs of the state in pursuing allegations of overcharges and unfair business practices against generators, suppliers, or marketers of electricity or natural gas. Existing law requires that any energy settlement agreement, as defined, entered into by the Attorney General, after reimbursing the Attorney General’s litigation and investigation expenses, direct settlement funds to the following purposes in priority order: (1) to reduce ratepayer costs of those utility ratepayers harmed by
the actions of the settling parties; and (2) for deposit in the Ratepayer Relief Fund. Existing law authorizes the moneys deposited in the Ratepayer Relief Fund to be appropriated for certain purposes for the benefit of ratepayers.
Existing law requires the State Energy Resources Conservation and Development Commission to administer the State Energy Conservation Assistance Account, a continuously appropriated account, in the General Fund until January 1, 2011, to provide grants and loans to local governments and public institutions, including schools, as specified, to maximize energy use savings.
This bill would provide that moneys and interest generated by an energy settlement agreement with The Williams Companies, Inc. and Williams Energy Marketing & Trading Company, received for energy efficiency retrofit of schools and public buildings, upon appropriation by the Legislature,
may be allocated by the Legislature to energy conservation projects and related educational services at the University of California, the California State University, or the California Community Colleges, pursuant to specified criteria.
The bill would require the Department of Water Resources to report to the Legislature on or before July 1, 2009, and each July 1 thereafter, on all sums collected and expended for costs associated with siting and installation of certain generator units obtained through an energy settlement agreement with The Williams Companies, Inc. and Williams Energy Marketing & Trading Company.