![]() ![]() The bill also separately creates a Distributed Electricity Backup Assets Program that will incentivize deployment of new zero- or low-emission technologies. ![]() The provision also applies only to contracts, grants, or loans that directly contribute to grid reliability by October 2027. 31, 2023, will “not be subject to competitive bidding or any other state contracting requirements,” it says. It says that the DWR should prioritize “investments in feasible, cost-effective zero-emission resources, and then feasible, cost-effective conventional resources.” Notably, DWR contracts under the provision entered before Dec. However, the bill notes that Electricity Supply Strategic Reliability Reserve Agreements made by the DWR, in consultation with the California Public Utilities Commission (CPUC), the California Independent System Operator (CAISO), other balancing authorities, and the State Air Resources Board, will prioritize investments that “do not compete with generating facilities already planned for development and disclosed by load-serving entities or local publicly owned electric utilities.”ĪB-205 also lays out a priority order for energy resource investment. “This funding enables California to decide at a later date to reverse the slated premature closures of Diablo Canyon units 1 and 2 in 20,” said American Nuclear Society President Steven Arndt and Executive Director and CEO Craig Piercy in a joint statement on June 30. As part of that measure, the bill establishes an Electricity Supply Reliability Reserve Fund, which allows the agency-which has traditionally managed California’s water usage-to build, own, operate, contract, or purchase power from any facility that would further the state’s reliability objectives.Ī June 26-issued preliminary summary of California’s Budget Act of 2022 indicates the state will provide $2.2 billion to support the Strategic Reliability Reserve, and $550 million to support distributed backup electricity backup assets and utility-scale assets to support energy reliability. Newsom, as expected, AB-205 will authorize a newly created Strategic Reliability Reserve overseen by the state Department of Water Resources (DWR) that will incorporate up to 5 GW of capacity. “ California must ensure electricity reliability during this period of heightened risk, which includes extraordinary near-term measures and substantive changes to mid-term energy policy, while also ensuring the multifaceted California electrical grid is best positioned to sustainably and equitably achieve California’s clean energy future, climate targets, and air quality requirements.” Enacting a Strategic Reliability Reserve ![]() “ Extreme events from climate change, including heat waves, wildfires, and drought, combined with other factors, such as supply chain disruptions, are jeopardizing California’s ability to build out the electrical infrastructure needed to maintain affordability and reliability,” Legislature declared in the bill. Gavin Newsom’s administration negotiated to address the state’s power generating sufficiency as the state contends with climate change impacts and other challenges amid its transition to a clean energy future. California’s State Legislature has passed a bill that could extend the operating lives of existing generating facilities slated for retirement, potentially providing a new lifeline for the 2,240-MW Diablo Canyon Power Plant (DCPP), which has a premature closure date in 2025.īoth houses on June 29 passed AB-205 Energy, an energy trailer bill that Gov. ![]()
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