SB 377: Biomethane procurement targets.

The bill aims to amend existing energy regulations in California. It requires biomethane delivered to the state through a common carrier pipeline to meet certain requirements, including environmental benefits. The bill also adds the displacement of conventional natural gas that reduces greenhouse gas emissions as one of these benefits. Additionally, it allows the Public Utilities Commission to recover the costs of investments in utility infrastructure necessary for biomethane production and distribution. These investments must be prudent and reasonable, providing a direct benefit to all classes of ratepayers. The bill sets a deadline of June 1, 2026, for the commission to make these recoveries.