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AB 2065

Rates: inappropriate cost recovery.

2025-2026 Regular Session Introduced by Cottie Petrie-Norris

Extends the deadline to Dec 1, 2027, for the public-private partnership plan to finance and develop eligible transmission projects with debt-focused strategies aiming for ratepayer

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 14. Noes 2.) (June 24).
#rates #inappropriatecostrecovery
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Bill Summary · AB 2065

Summary of AB 2065 (2025-2026) – Transmission Infrastructure Accelerator: private-public partnership plan

Purpose and intent

  • AB 2065 would modify the deadline for the Transmission Infrastructure Accelerator to submit its public-private partnership plan. The bill extends the submission deadline from July 1, 2027, to December 1, 2027.
  • The underlying policy goal remains: facilitate development of eligible transmission projects through a private-public partnership framework, with an emphasis on financing strategies that maximize debt financing to reduce overall capital costs and achieve ratepayer savings.

Key provisions and changes

  • Amends Government Code Section 12100.112 to update the accelerator’s duties and timeline.
  • Requirements for the public-private partnership plan (as currently in law, and retained by the bill):
    • The plan must explore financing options that maximize debt financing to lower total capital costs and support the development of eligible transmission projects via public-private partnerships, aiming for ratepayer savings.
    • The plan should evaluate the accelerator’s role in identifying and developing public-private partnerships and identifying participating parties with public sponsors. This may include designating a public entity to support implementation of eligible transmission projects under specified California statutes (Article 10.5, commencing with Section 63049.71 of Chapter 2 of Title 6.7), prior to the Independent System Operator (ISO) receiving bids and determining the outcome of competitive bidding.
    • The plan should outline how to effectuate eligible transmission project development in a manner consistent with ISO procedures and requirements.
  • Deadline: The bill changes the submission deadline for the plan to December 1, 2027 (note: the text shows both July December 1, 2027 due to drafting variance; the introduced intent is to set a December 1, 2027 deadline).

Who or what is affected

  • GO-Biz’s Energy Unit and the Transmission Infrastructure Accelerator (the state entity responsible for coordinating energy-infrastructure financing and public-private partnership planning) are the primary entities affected.
  • Potential public sponsors and private participants in future transmission project public-private partnerships could be identified or designated under the plan.
  • The California Independent System Operator (ISO) processes and bidding framework are referenced as the procedural context in which the accelerator’s activities should align.

Procedural and timeline aspects

  • Legislative status: Introduced February 18, 2026; advanced through committees with do-pass recommendations; reflects standard California legislative process for a bill in the 2025–2026 session.
  • Substantive timeline change: Extends the deadline for submitting the public-private partnership plan to December 1, 2027.
  • No new appropriation is attached to the bill (per the digest, there is no appropriation requested).

Practical impact

  • Extending the deadline provides more time for the accelerator to develop a robust financing strategy and partnership framework for transmission projects.
  • By refining the plan to emphasize debt-financing options and public-private collaboration, the bill aims to streamline deployment of transmission capacity while seeking ratepayer savings.
  • Stakeholders—state energy agencies, potential public sponsors, private investors, and the ISO—would operate under clarified and extended timelines to coordinate project development.

Note: This summary reflects the bill text and sponsor notes. For implementation details, readers should track amendments and the bill’s final language as it passes through the Legislature and is signed into law.

Compiled from official sources — confirm details with the bill’s official record.

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