SB 1265: California Alternative Energy and Advanced Transportation Financing Authority: GoGreen Program.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Under existing law, the purpose of the California Alternative Energy and Advanced Transportation Financing Authority Act is to advance the state’s goals of reducing the levels of greenhouse gas emissions, increasing the deployment of sustainable and renewable energy sources, implementing measures that increase the efficiency of the use of energy, creating high quality employment opportunities, and lessening the state’s dependence on fossil fuels and to that end to provide an alternative method of financing in providing and promoting the establishment of facilities utilizing alternative methods and sources of energy and facilities needed for the development and commercialization of advanced transportation technologies. Existing law establishes the California Alternative Energy and Advanced Transportation Financing Authority to carry out that purpose. Existing Public Utilities Commission decisions established the California Hub for Energy Efficiency Financing program, administered by the authority and funded through charges collected by specified electrical corporations and gas corporations from their ratepayers.

This bill would require the authority to administer the GoGreen Program, previously known as the California Hub for Energy Efficiency Financing program, and would authorize the authority to use moneys collected from the ratepayers of electrical and gas corporations, as directed by the commission, and other available funding sources, consistent with the program’s purposes. The bill would require the program to provide financing assistance to participating lenders to support residents in financing eligible energy efficiency and decarbonization measures at costs that are competitive with or below market rates. The bill would authorize the authority to receive, administer, and deploy additional moneys from federal, state, local, or private sources to support and expand the GoGreen Program, if those moneys are used in a manner consistent with the program’s goals and the parameters of the funding source. The bill would create the GoGreen Program Fund in the State Treasury and would make all moneys in the fund available, upon appropriation by the Legislature, to the authority for expenditure, as provided.

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. June 24, 2026June 24 set for second hearing canceled at the request of author.
2. June 10, 2026June 10 set for first hearing canceled at the request of author.
3. June 1, 2026Referred to Com. on U. & E.
4. May 22, 2026In Assembly. Read first time. Held at Desk.
5. May 22, 2026Read third time. Passed. (Ayes 27. Noes 5. Page 4416.) Ordered to the Assembly.
6. May 18, 2026Read second time. Ordered to third reading.
7. May 14, 2026From committee: Do pass as amended. (Ayes 5. Noes 0. Page 4271.) (May 14).
8. May 14, 2026Read second time and amended. Ordered to second reading.
9. May 8, 2026Set for hearing May 14.
10. April 27, 2026April 27 hearing: Placed on APPR. suspense file.
11. April 17, 2026Set for hearing April 27.
12. April 14, 2026Read second time and amended. Re-referred to Com. on APPR.