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SB-Cal ACTION INITIATIVE
On Bill Financing for
California Small Businesses
(Note: PG&E does not yet offer On Bill
Financing. PG&E currently offers Energy Edge Small Business
Financing which uses third party financing. The program is
available in selected areas in CA. Update
here.
Current OBF News
SDG&E OBF progress
(posted 4/9/07)
OBF Developments in Pennsylvania
(posted 2/6/07)
Update for the United Illuminating Small Business Energy
Advantage OBF Program - 2006
Results (posted 1/15/07)
SDG&E reported on November 28th,
2006 to the Policy Advisory Group Meeting the following
developments....
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Frank Spasaro noted that there are
17 OBF applications now being processed. Of these,
14 are public entities and 3 are for commercial
businesses.
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Advice letter filed with CPUC to
raise the loan ceiling from $25,000 to $50,000.
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Advice letter filed to extend
maximum loan terms limits for qualified business &
multi-family projects to 5 years
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Advice letter filed to change
"credit" eligibility requirements to : minimum two year
active account, no disconnect notices in past 12
months and no deposit on hand.
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For the SDG&E Multi-Family program,
OBF will be promoted in general.
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SB-Cal is researching the OBF
potential for solar hot water applications in the
Multi-Family sector and will report findings to SDG&E.
So Cal Gas reported the same time...
SCE reported on November 28th, 2006
to the Policy Advisory Group Meeting the following
developments....
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Dave Bruder announced OBF design
made it through the SCE legal dept. He stated that
inclusion of OBF into IT infrastructure was less of a
problem than expected.
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Due to the minimum $5K loan amount,
the targeted small business program needed to be
re-calibrated from very small to small/medium customers.
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For OBF loans to public entities,
SCE is filing an advice letter to raise the maximum loan
amount to $1,000,000.00.
For past events, please go to CA OBF
Development
Background and Early Progress
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