CCSE is pleased to announce the passage of Senate Bill 585, which increases the CSI program budget from $3.35 billion to $3.55 billion. The additional $200 million will be used to fund the budget shortfall for projected CSI non-residential projects.
Key SB 585 changes to the CSI Program:
- Requires the CPUC to fund the non-residential incentive shortfall by first allocating interest accumulated from customer collections and, for the remainder of the shortfall, by increasing collections from customers of PG&E, SCE and SDG&E
- Changes the current PBI discount rate from 8% to 4% (which will further reduce the PBI payment per kWh), unless the CPUC determines the rate should be less than 4%
- Establishes and imposes project cost caps for residential and non-residential projects under the CSI, based on national and state installed cost data by 12/21/2011.
The Program Administrators will implement changes to the Program upon direction from the Commission. To view SB 585 click here.
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