Public Benefits Funds for Renewables and Efficiency
Electric Program Investment Charge Program
California's 1996 electric industry restructuring legislation (AB 1890) directed the state’s three major investor-owned utilities (Southern California Edison, Pacific Gas and Electric Company, and San Diego Gas & Electric) to collect a "public goods charge" (PGC) on ratepayer electricity use from 1998 through 2001 to create public benefits funds for renewable energy, energy efficiency, and research, development & demonstration (RD&D).
California's public benefits fund, the Electric Program Investment Charge Program (EPIC), was established in 2011 to help meet the state's climate goals by decarbonizing the electricity sector. The program invests more than $130
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