SB 330: Budgets: multiyear financial commitments.

The bill would add a new chapter to the public resources code to address the financing of electrical transmission infrastructure. The governor would be authorized to establish one or more pilot projects to develop, finance, or operate electrical transmission infrastructure that meets specific criteria. These pilot projects would be designated by the governor and implemented by existing state agencies, local public agencies, tribal organizations, or joint powers authorities. The bill would require pilot project owners to participate in the wildfire fund and seek payment for eligible claims resulting from covered wildfires. The office of energy infrastructure safety would review and approve wildfire mitigation plans and oversee wildfire safety performance by pilot project owners. The bill would also make an appropriation to expand the purposes for which the wildfire fund may be used.