Legislative record

Public utilities: reporting.

(1) Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations and gas corporations. Existing law requires electrical corporations and gas corporations to submit specified information to the commission, and requires the commission to annually report to the Legislature on, among other things, all sources and amounts of funding and actual and proposed expenditures, including any costs to ratepayers, related to entities or programs established by the commission, as specified. This bill would require each electrical corporation or gas corporation to include in a quarterly report certain information for any taxpayer funding, as defined, greater than or equal to $1,000,000 that the corporation has applied for or received, as specified. The bill would require the commission, for each application in which an electrical corporation or gas corporation is seeking ratepayer funding, to require the electrical corporation or gas corporation to report all relevant taxpayer funding greater than or equal to $1,000,000 that the electrical corporation or gas corporation is pursuing or has secured, and, if the commission determines that an electrical corporation or gas corporation is not in compliance with that reporting requirement, the bill would authorize the commission to impose a penalty against the electrical corporation or gas corporation, as specified. The bill would require the commission to require each electrical corporation or gas corporation to deliver to ratepayers the financial benefits of taxpayer funding received, as provided. The bill would require the commission, on or before January 1, 2028, and annually thereafter, to provide a report to the Legislature with a summary of the information on taxpayer funding reported by each electrical corporation or gas corporation, including the number of grants or loans, the source of those grants or loans, the total dollar amount received, the projects funded by the grants or loans, and the total demonstrated ratepayer savings, as specified. The bill would repeal these provisions on January 1, 2037. (2) Under existing law, a violation of the Public Utilities Act or any order, decision, rule, direction, demand, or requirement of the commission is a crime. Because the provisions of this bill would be a part of the act and because a violation of a commission action implementing the bill's requirements would be a crime, the bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.