§ 12100.111.5

(a) Both of the following conditions shall be satisfied in order for an eligible transmission project to be eligible for and receive financing:

(1) The developer of the project that will be located in the service territory of, or connected directly to the electrical transmission infrastructure of, a large electrical corporation, and that is financed by the bank but not owned by the bank or an electrical corporation, shall certify, under penalty of perjury, that it has selected for the construction of the electrical transmission infrastructure a prime contractor that has served as a prime contractor for at least two electrical transmission infrastructure projects in the state during the prior 10 years.

(2) The owner of any eligible transmission project that will be located in the service territory of, or connected directly to the electrical transmission infrastructure of, a large electrical corporation, and that is financed by the bank but not owned by the bank or an electrical corporation, shall certify, under penalty of perjury, that it has selected for any contracted out maintenance of the electrical transmission infrastructure a contractor that has frequently performed electrical transmission infrastructure maintenance work for an electrical corporation or a local publicly owned electric utility during the prior 10 years.

(b) For purposes of this section, the following definitions shall apply:

(1) “Large electrical corporation” has the same meaning as defined in Section 2827 of the Public Utilities Code.

(2) “Local publicly owned electric utility” has the same meaning as defined in Section 224.3 of the Public Utilities Code.

(Added by Stats. 2026, Ch. 258, Sec. 3. (AB 192) Effective September 18, 2026.)