Natural Gas Ratepayer Protection Act.
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 Senate
- Passed Assembly
- To Governor
- Became Law
Overview
The Natural Gas Ratepayer Protection Act requires California gas corporations to submit annual reports detailing their investments in gas infrastructure replacement and upgrades. The Public Utilities Commission must then evaluate whether cost-effective electrification or alternative approaches could reduce these costs and consider how depreciation schedules accurately reflect declining gas demand. The bill aims to manage the transition away from natural gas and minimize financial risks for ratepayers, particularly concerning potential ‘stranded assets’.
Key provisions
- Gas corporations must submit annual reports detailing infrastructure investment expenditures.
- The Public Utilities Commission must assess the feasibility of electrification and non-pipeline alternatives for infrastructure projects.
- The Commission must adopt rules establishing a cost threshold below which the electrification requirement does not apply.
- The Commission must evaluate depreciation schedules to account for declining gas demand.
- Reports must include details on planned projects, completed projects, and any changes to underlying assumptions.
- The Commission must consider stranded asset risk when authorizing cost recovery.
- The bill establishes a new crime related to violations of commission actions.
- The bill exempts local agencies and school districts from reimbursement requirements.
Who is affected
Bill text
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Sponsors
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1 on record
Primary sponsor
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