19000.
In enacting this division, it is the intent of the Legislature to do all of the following:(a) Establish the Climate Equity Trust Fund to support the costs of decarbonization, clean energy, and wildfire mitigation activities with funding sources outside of electricity rates.
(b) Establish the California Affordable Decarbonization Authority to administer the Climate Equity Trust Fund.
(c) Provide jurisdiction to the Energy Commission to approve the disbursement of funds from the Climate Equity Trust Fund for eligible costs incurred by local publicly owned electric utilities and end-use customers of local publicly owned electric
utilities.
(d) Provide jurisdiction to the commission to approve the disbursement of funds from the Climate Equity Trust Fund for eligible costs incurred by electrical corporations, community choice aggregators, and end-use customers of retail sellers regulated by the commission.
(e) Authorize the disbursement of funds from the Climate Equity Trust Fund to support all of the following:
(1) Stable and affordable electricity rates.
(2) Decarbonization and clean energy initiatives.
(3) Transportation and building electrification initiatives.
(4) Distributed energy resource programs.
(5) Public purpose programs, including energy efficiency programs, research and development, and low-income customer discounts.
(6) Equity initiatives to assist electricity customers in disadvantaged communities.
(7) Wildfire mitigation activities.
(f) Identify sources of funding outside of electricity rates that can be used to support the purposes identified in subdivision (e).
19001.
For purposes of this division, the following definitions apply:(a) “Authority” means the California Affordable Decarbonization Authority established pursuant to Section 19010.
(b) “Eligible renewable energy resources” has the same meaning as defined in Section 399.12.
(c) “Load-serving entity” has the same meaning as defined in Section 380.
(d) “Local publicly owned electric utility” has the same meaning as defined in Section 224.3.
(e) “Retail seller” has the same meaning as defined in Section
399.12.
(f) “Trust” means the Climate Equity Trust Fund established pursuant to Section 19020.