Adding Nuclear Energy as a Clean Energy Resource

The statutory definition of "clean energy" determines which energy projects are eligible for clean energy project financing at the county and city and county level. The statutory definition of "clean energy resource" determines which energy resources may be used by a qualifying retail utility to meet the 2050 clean energy target. The act updates the 2 statutory definitions to include nuclear energy; except that, for property valuations made for tax purposes, the act exempts from the definition of "clean energy resource" nuclear energy. (Note: This summary applies to this bill as enacted.)