Electrical corporations: rates.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill limits how electrical corporations can increase rates. It prohibits them from proposing rate increases above the rate of inflation unless a majority of their customers approve the increase through an election. However, the commission can still approve rate increases if they are directly related to safety improvements, modernization efforts, or higher commodity/fuel costs. The bill also establishes specific requirements for customer elections and clarifies that no reimbursement is required for local agencies or school districts due to the creation of a new crime.
Key provisions
- Electrical corporations cannot propose rate increases above the rate of inflation without customer approval.
- Customer approval requires a majority vote in an election meeting specific requirements (ballot, information, commission rules).
- The cost of conducting customer elections must be borne by the electrical corporation's shareholders.
- The commission can approve rate increases above the rate of inflation for safety enhancements, modernization, or higher commodity/fuel costs.
- The ‘rate of inflation’ is defined as the annual increase in the California Consumer Price Index.
- The bill creates a new crime related to violations of commission actions.
- No state reimbursement is required for local agencies or school districts.
- The commission can determine an interim rate plan until a customer-approved rate plan is in place.
Who is affected
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours