Local publicly owned electric utilities: minimum planning reserves and reliability criteria.
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Majority
Fiscal committee
No
Appropriation
No
Current location
Appropriations
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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’s Public Utilities Commission to analyze how local publicly owned electric utilities plan for future expenses. Specifically, it mandates that these utilities include an ‘inflation-constrained rate case scenario’ in their rate case applications, limiting cumulative spending increases to the projected federal Social Security cost-of-living adjustment. The commission can authorize higher spending if the utility demonstrates a need for reliable service. Additionally, the bill introduces a process for heightened scrutiny of rate requests that could significantly increase systemwide expenditures.
Key provisions
- Requires electrical corporations and gas corporations to submit an inflation-constrained rate case scenario in rate case applications.
- Limits cumulative spending increases in rate cases to the projected federal Social Security cost-of-living adjustment.
- Allows the commission to authorize higher expenditures if necessary for safe and reliable system operation, with clear and convincing evidence.
- Requires heightened scrutiny of rate requests that could increase systemwide expenditures beyond the cost-of-living adjustment.
- Updates the requirement for local publicly owned electric utilities to provide information to the State Energy Resources Conservation and Development Commission.
- Adds Section 739.18 to the Public Utilities Code.
- Amends Section 9508.5 of the Public Utilities Code regarding information sharing with the Energy Commission.
Who is affected
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Sponsors
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Primary sponsor
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