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Lawmakers and GO‑Biz debate state transmission accelerator financing and potential ratepayer savings
Summary
GO‑Biz and IBank officials outlined staffing and funding needs to implement SB 254’s transmission accelerator; lawmakers pressed for clarity on state liability, ownership, and realistic estimates of long‑term ratepayer savings (range presented: ~10–40% lifetime savings in some structures).
Rahima Mali of GO‑Biz presented the BCP and staffing request for the transmission infrastructure accelerator authorized in SB 254, which would assemble a multi‑agency accelerator (PUC, CEC, CAISO, IBank) to evaluate competitive transmission projects and provide state financing or loan support. Mali said the accelerator would assess projects identified by CAISO’s competitive transmission solicitations and would use Proposition 4 and other funds; the BCP asks for roughly $26 million over five years, including…
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