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May revision proposes climate bond adjustments and new energy permitting resources for battery storage and power plant certification
Summary
Department of Finance officials briefed the Senate subcommittee on May revision proposals affecting a climate bond and new staffing and fee changes for energy permitting. Finance said changes modestly adjust implementation plans, add $24.3 million in 2025–26 for wildfire and resilience program needs, and propose staffing increases at the PUC and C
Department of Finance briefers outlined a set of climate‑bond and energy‑sector proposals in the governor’s May revision. Stephen Benson and Eamon Nalband summarized adjustments to the state’s climate bond accounting, modest additional spending for wildfire and resilience programs, and proposed operational resources for energy permitting and enforcement.
On the climate bond, the administration reported small accounting adjustments to reflect earlier appropriations (AB 100) and requested $24.3 million in 2025–26 for programs with…
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