California Reliability Authority.

Existing law, enacted during the 2000–01 energy crisis, creates the California Consumer Power and Conservation Financing Authority, with prescribed powers and responsibilities, for the purpose of issuing revenue bonds for the purposes of supplementing public and private power supplies and ensuring a sufficient and reliable supply of electricity. The financing authority is also authorized to finance incentives for investment in cost-effective, energy-efficient appliances and energy demand reduction, to achieve an adequate energy capacity reserve level, and to provide financing for the retrofit of inefficient electrical powerplants. Existing law prohibits the financing authority from…