Existing law establishes the State Energy Resources Conservation and Development Commission (Energy Commission) and prescribes its authorities, duties, and responsibilities pertaining to energy matters. Existing law vests the Public Utilities Commission (PUC) with regulatory jurisdiction over public utilities, including electrical corporations. Existing law requires all charges demanded or received by a public utility for a product or commodity furnished, or to be furnished, or any service rendered, or to be rendered, to be just and reasonable.
This bill would state the intent of the Legislature that the Energy Commission, in consultation with the PUC, review all feasible options for the allocation to ratepayers of costs required to meet the needs of the state's electrical grid. The bill would state the intent of the Legislature that the PUC, in collaboration with the Energy Commission, produce an affordability metric for use in general rate cases and any application for the recovery of costs from ratepayers.
Existing law requires the PUC to allocate certain funds collected from ratepayers for various purposes, including cost-effective energy efficiency and conservation activities.
This bill would make nonsubstantive changes to that provision.
Existing law authorizes the PUC to issue a financing order to allow recovery through fixed recovery charges of certain costs and expenses, if an electrical corporation files for recovery of recovery costs, as defined, and the PUC finds that some or all of those costs and expenses are just and reasonable, as specified, or the PUC allocates to the ratepayers some or all of those costs and expenses, as provided. Existing law defines various terms for these purposes.
This bill would make nonsubstantive changes to the provision related to the costs and expenses eligible for a financial order and to those definitions. The bill would state the intent of the Legislature that the recovery of costs and expenses for which a financing order is issued is to be recovered through a fixed charge pursuant to requirements established by the Legislature. The bill would state the intent of the Legislature that the financing entity of an electrical corporation authorized by the PUC under a financing order be authorized to issue recovery bonds upon approval by the PUC in a financing order. The bill would state the intent of the Legislature to prevent the inclusion in the rate base of an electrical corporation funds securitized by the electrical corporation.
Existing law requires each electrical corporation to annually prepare and submit a wildfire mitigation plan to the Office of Energy Infrastructure Safety for review and approval, as provided. Existing law specifies the duties of the office in overseeing the electrical corporations' compliance with their approved wildfire mitigation plans.
This bill would make nonsubstantive changes to the provisions specifying the duties of the office in overseeing the electrical corporations' compliance with their approved wildfire mitigation plans.

Statutes affected:
AB3264: 330 PUC, 331 PUC, 335 PUC, 338 PUC, 339 PUC, 340 PUC, 341.2 PUC, 341.5 PUC, 361 PUC, 365 PUC, 367 PUC, 367.7 PUC, 373 PUC, 376 PUC, 390 PUC
02/16/24 - Introduced: 330 PUC, 331 PUC, 335 PUC, 338 PUC, 339 PUC, 340 PUC, 341.2 PUC, 341.5 PUC, 361 PUC, 365 PUC, 367 PUC, 367.7 PUC, 373 PUC, 376 PUC, 390 PUC
06/10/24 - Amended Senate: 381 PUC, 850 PUC, 8386.3 PUC
AB 3264: 330 PUC, 331 PUC, 335 PUC, 338 PUC, 339 PUC, 340 PUC, 341.2 PUC, 341.5 PUC, 361 PUC, 365 PUC, 367 PUC, 367.7 PUC, 373 PUC, 376 PUC, 390 PUC