Bill Text: CA AB2462 | 2023-2024 | Regular Session | Amended
Bill Title: Public Utilities Commission: written reports: energy.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-04-24 - In committee: Set, first hearing. Referred to suspense file. [AB2462 Detail]
Download: California-2023-AB2462-Amended.html
Amended
IN
Assembly
April 08, 2024 |
Introduced by Assembly Member Calderon |
February 13, 2024 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: YESBill Text
The people of the State of California do enact as follows:
(a)The reporting requirements of this section apply to electrical corporations with at least 1,000,000 retail customers in California and gas corporations with at least 500,000 retail customers in California.
(b)The commission shall prepare a written report on the costs of programs and activities conducted by each electrical corporation and gas corporation that is subject to this section, including activities conducted to comply with their duty to serve. The report shall be completed on an annual basis before April 1 of each year, and shall identify, clearly and concisely, all of the following:
(1)Each program mandated by statute and its annual cost to ratepayers.
(2)Each program mandated by the commission and its annual cost to ratepayers.
(3)Energy purchase contract costs and bond-related costs incurred pursuant to Division 27 (commencing with Section 80000) of the Water Code.
(4)All other aggregated categories of costs currently recovered in retail rates as determined by the commission.
(5)How the current rate trends affect households across their full portfolio of all energy uses, such as gasoline in transportation and natural gas for heating, and how the adoption of electricity across more end-uses may reduce the total cost of energy for households over time.
(c)The report required by subdivision (b) shall be submitted to the Governor and the Legislature no later than April 1 of each year.
(d)The commission shall post the report required by subdivision (b) in a conspicuous area of its
internet website.