2010 California Code
Public Utilities Code
Chapter 2. Purpose Of The California Consumer Power And Conservation Financing Authority

3310.  The authority may only exercise its powers pursuant to
Article 4 (commencing with Section 3340) of Chapter 3 for the
following purposes:
   (a) Establish, finance, purchase, lease, own, operate, acquire, or
construct generating facilities and other projects and enterprises,
on its own or through agreements with public and private third
parties or joint ventures with public or private entities, or provide
financial assistance for projects or programs by participating
parties, to supplement private and public sector power supplies,
taking into account generation facilities in operation or under
development as of the effective date of this section, and to ensure a
sufficient and reliable supply of electricity for California's
consumers at just and reasonable rates.
   (b) Finance programs, administered by the Energy Commission, the
commission, and other approved participating parties for consumers
and businesses to invest in cost-effective energy efficient
appliances, renewable energy projects, and other programs that will
reduce the demand for energy in California.
   (c) Finance natural gas transportation and storage projects under
Article 7 (commencing with Section 3368) of Chapter 3.
   (d) Achieve an adequate energy reserve capacity in California
within five years of the effective date of this division.
   (e) Provide financing for owners of aged, inefficient, electric
powerplants to perform necessary retrofits to improve the efficiency
and environmental performances of those powerplants.