The CPUC approved $3.1 billion for the current energy efficiency programs implemented during 2010 - 2012 by the four largest investor - owned utilities - PG&E, Edison, SDG&E and SoCalGas. Energy efficiency is first in California's energy procurement loading order, based on the state's Energy Action Plan, as a key strategy in mitigating greenhouse gas emissions as articulated in the Scoping Plan for AB 32 - The California Global Warming Solutions Act of 2006
In July 2012, the large investor owned utilities (PG&E, Edison, SDG&E and SoCalGas) filed applications requesting the CPUC to approve over $2 billion in funding to implement energy efficiency programs for a two-year transition cycle in 2013 - 2014.
DRA’s priorities for preparing for development and implementation of Energy Efficiency programs for 2015 and beyond include improvements and expansions for market transformation, program financing, cost-effectiveness protocols, and coordination with long-term procurement planning.
For 2006-2012 Energy Efficiency program cycles, the CPUC has awarded utility shareholders bonuses upwards of $400M cumulatively for the purpose of incenting utility performance running ratepayer funded Energy Efficiency programs.