Bill Text: CA SB603 | 2019-2020 | Regular Session | Amended
Bill Title: Small independent telephone corporations: rates.
Spectrum: Moderate Partisan Bill (Republican 9-2)
Status: (Engrossed - Dead) 2019-08-30 - August 30 hearing: Held in committee and under submission. [SB603 Detail]
Download: California-2019-SB603-Amended.html
Amended
IN
Assembly
August 12, 2019 |
Amended
IN
Assembly
June 25, 2019 |
Amended
IN
Senate
May 17, 2019 |
Amended
IN
Senate
April 30, 2019 |
Amended
IN
Senate
March 28, 2019 |
Introduced by Senator Borgeas (Coauthors: Senators Caballero, Grove, Hueso, Moorlach, and Nielsen) (Coauthors: Assembly Members Fong, Gallagher, Mathis, Obernolte, and Patterson) |
February 22, 2019 |
LEGISLATIVE COUNSEL'S DIGEST
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 275.7 is added to the Public Utilities Code, to read:275.7.
(a) For purposes of this section, “small independent telephone corporations” are rural incumbent local exchange carriers subject to commission regulation.(2)Notwithstanding subdivision (c), for a resubmittal pursuant to subdivision (d), the commission’s deadline for completion of the rate case shall be 18 months from the submission of the original advice letter, provided that the small independent telephone corporation is entitled to interim rate relief in the amount of an inflationary adjustment to its current commission-approved revenue requirement. Interim rate relief shall be effective as of 12 months from the date of its advice letter, subject to true-up at the conclusion of the rate case. The final revenue requirement and rate design in the final decision in the rate case shall be made effective as of the date upon which interim rate relief was issued.