Investor-Owned Utilities Accountability Act.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill aims to increase accountability for investor-owned utilities in California. It directs the State Energy Resources Conservation and Development Commission to conduct a comparative analysis of transitioning these utilities to a public, nonprofit, or mutual benefit model. The bill also requires utilities to post data on service disconnections, submit executive compensation structures for review, and conduct triennial audits of their equipment to mitigate wildfire risks. Finally, it establishes a framework for ensuring ratepayer affordability and safety in utility operations.
Key provisions
- Requires the Energy Commission to conduct a comparative analysis of transitioning investor-owned utilities.
- Mandates quarterly posting of service disconnection data by utilities.
- Requires executive compensation structures to prioritize safety and public safety.
- Requires annual audits of electrical and gas equipment to identify end-of-life items and wildfire risks.
- Establishes a process for the Office of Energy Infrastructure Safety to issue safety certifications.
- Requires utilities to post customer disconnection policies on their websites.
- Directs the Public Utilities Commission to develop a best value procurement model for utility infrastructure projects.
- Requires utilities to submit proposed executive compensation structures to the Public Utilities Commission for review.
Who is affected
Bill text
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