REVERSION OF STATE FUNDS
By Senate Bill 5 from the first extraordinary session of 2001 (SB 5), state funds were provided to supplement ratepayer funds for both CARE and LIEE for both the four large energy utilities and the SMJU. The CARE and LIEE program budgets for the SMJU, adopted in D.03-03-007, were comprised of both ratepayer and SB 5 funds. In early 2004, all unspent SB 5 funds, with the exception of a portion of Sierra's for its geothermal project, were rescinded in accordance with the 2004 State Budget Bill.2 For the purposes of this report, in most cases, Energy Division does not differentiate between ratepayer or SB 5-funded components of PY 2003 CARE.
2 Item 9660-45-Reversion -Public Utilities Commission of the 2004 Budget Bill (Senate Bill 1095 and Assembly Bill 1200, introduced January 9, 2004.
