CAL.Regulation
California creates a Wildfire Resilience Loan Program without ratepayer funds
Governor Gavin Newsom signed SB 894 (Ch. 770, Stats. 2026) on September 29, 2026. It adds Public Resources Code sections 26090 and 26091, creating the California Wildfire Resilience Loan Program at the California Alternative Energy and Advanced Transportation Financing Authority. Upon appropriation, the program will finance home hardening, defensible space and other wildfire-resilience improvements, and it may not use money collected from electrical or gas corporation ratepayers.
Enrolled text (California Legislative Information) → · Office of the Governor
Key points
- SB 894 (Ch. 770, Stats. 2026) adds Public Resources Code sections 26090 and 26091, establishing the California Wildfire Resilience Loan Program.California Legislative Information
- Upon appropriation by the Legislature, the California Alternative Energy and Advanced Transportation Financing Authority must administer the program.California Legislative Information
- The program will finance projects that reduce wildfire risks and losses, including home hardening and defensible space improvements.California Legislative Information
- Program funds exclude any money collected from ratepayers of electrical or gas corporations.California Legislative Information
- Signed September 29, 2026, in the wildfire prevention and response package; the law takes effect January 1, 2027.California Legislative InformationOffice of the Governor
Sources2 articles across 2 outlets
California Legislative Information
Office of the Governor