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Lawmakers probe securitization, state funds, biomass and liability limits as alternatives to ratepayer funding
Summary
The Assembly heard a range of funding and liability options — from securitization and expanded use of the Greenhouse Gas Reduction Fund to vehicle‑miles‑traveled mitigation credits and a biomass economy — and discussion of possible liability‑limiting legislation for utilities.
The committee’s second panel focused on how to finance wildfire prevention and whether liability rules should change to stabilize utility borrowing costs and rate impacts.
Helen Christine, principal fiscal and policy analyst at the Legislative Analyst’s Office, summarized state funding to date. She told lawmakers that state wildfire resilience spending has increased in recent years — including a $200,000,000 annual continuous appropriation from the Greenhouse Gas Reduction Fund (GGRF) created in SB 901 and additional one‑time packages — but that state resources are limited and the general fund faces projected deficits in coming years.
Nathaniel Skinner of the Public Advocates…
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