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Subcommittee advances AB 825 to create public financing option for transmission projects to lower ratepayer costs
3170522 · April 30, 2025
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Summary
AB 825 would create a public financing program for transmission projects, using $325 million in seed capital and public borrowing options to reduce the cost of building new transmission and lower long-term costs for ratepayers.
Assemblymember (sponsor, AB 825) presented AB 825, which would create a public transmission financing program administered through the I-Bank (or a development authority) and seeded with $325 million in Proposition 4 funds, with authority to leverage additional funding from other sources. The bill would…
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