SB 254: Energy.

The bill aims to provide financing for clean energy projects in California by establishing a new entity, the California Infrastructure and Economic Development Bank, which will make loans and provide financial assistance for various types of projects that qualify as economic development or public development facilities. The bank will be authorized to provide financial assistance for clean energy projects, including transmission infrastructure projects, and will be required to establish a transmission infrastructure accelerator to develop a financing and development strategy for eligible projects. The bill also allows for the creation of a special purpose trust to provide financing for clean energy projects and requires the bank to prepare guidelines for the provision of financial assistance under the California Transmission Accelerator Revolving Fund program. The bill provides for a new…