Public utilities: reporting.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Passed
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires California public utilities, such as electrical and gas corporations, to report on taxpayer funding they receive, specifically for amounts equal to or greater than $1,000,000. Utilities will need to detail the funding source, how the funds are being used, and the resulting savings for ratepayers. The Public Utilities Commission will be responsible for collecting this information and providing an annual report to the Legislature, including a searchable database of advice letters. The bill also aims to improve transparency by requiring utilities to deliver the financial benefits of taxpayer funding to ratepayers.
Key provisions
- Utilities must report on taxpayer funding exceeding $1,000,000.
- The report must detail the funding source, project, and expected ratepayer savings.
- The Public Utilities Commission will establish a searchable database of public utility advice letters.
- The Commission can impose penalties on utilities that fail to comply with reporting requirements.
- Utilities must deliver the financial benefits of taxpayer funding to ratepayers.
- The Commission will provide an annual report to the Legislature summarizing taxpayer funding information.
- The reporting requirements will be in effect until January 1, 2037.
- Definitions of ‘Taxpayer Funding’ and ‘Utility’ are established.
Who is affected
- Electrical corporations
- Gas corporations
- Public Utilities Commission
Bill text
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Sponsors
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1 on record
Primary sponsor
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