BILL ANALYSIS Appropriations Committee Fiscal Summary AB 995 (Wright) Hearing Date: 8/7/00 Amended: 8/7/00 Consultant: Bob Franzoia Policy Vote: E, U&C 9-1 ____________________________________________________________ ___ BILL SUMMARY: AB 995, relating to public benefit programs for electrical corporation utility users, would do the following: 1)Extend through 1/1/12 a requirement that electrical utility corporations collect a public goods surcharge from each customer to fund (1) energy efficiency, (2) renewable energy sources, and (3) research and development (R&D) of alternative energy supplies programs. 2)Require the funds to be deposited in specified accounts until appropriation by the Legislature. 3)Require the corporations to collect specific dollar amounts for each of the programs beginning 1/1/02. 4)Require the Governor, by 1/1/04, to appoint an independent review panel that would be required to report to the Legislature and the California Energy Commission (CEC) on the benefits secured for residential customers. 5)Require the CEC to report on renewable energy and R&D, develop and submit to the Legislature investment plans, and recommend allocations among specified projects and requires the Public Utilities Commission (PUC) to continue administering the energy efficiency program. 6)The bill would result in a change in state taxes for the purpose of increasing state revenue within the meaning of Section 3 of Article XIIIA of the California Constitution, thus requiring a two-thirds vote. 7)Propose substantial changes to statutes governing the transmission and distribution of electric power that do not have a direct fiscal impact. Fiscal Impact (in thousands) Major Provisions 2000-01 2001-02 2002-03 Fund Program extension (revenues to the listed programs) - Energy efficiency $228,000* - Renewable energy $62,500* - R&D $135,000* Admin (CEC)/(PUC) Minor, absorbable costs General**/ Special * The funding levels are adjusted each year to account for a growth in electric commodity sales or inflation, whichever is less. ** Energy Resources Programs Account/PUC Utilities Reimbursement Account STAFF COMMENTS: This bill probably meets the criteria to be placed on the Suspense file. The state, which consumed a minimum of 2.8 million megawatts of electricity in 1997-98, will likely incur surcharge costs in excess of $150,000 annually. The PUC will incur minor costs to continue administering the energy efficiency program and to provide assistance to the independent review panel. The CEC will have similar costs to prepare the investment plans to determine the expenditure of funds collected for the R&D and the renewable energy programs.