Legislators probe California Transmission Accelerator implementation and financing after administration briefing
In an oversight hearing, GoBiz, CAISO, IBank and the Department of Finance outlined the accelerator's role, proposed staffing and a 20% tax credit; legislators and industry asked for clarity on public‑private ownership, CAISO timelines, supply chain risks and wildfire responsibilities.
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The Assembly Committee on Utilities and Energy held an oversight hearing on implementation of the California Transmission Accelerator after passage of SB 254. Lauren Greenwood of the Governor’s Office of Business and Economic Development (GoBiz) described the accelerator’s role in developing financing strategies and coordinating implementation, including a proposed 10 limited‑term positions and an estimated $26 million in administration costs over five years.
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