The California Constitution and the Public Utilities Act vest the Public Utilities Commission with regulatory authority over electrical corporations and water corporations. The act requires the commission to ensure that errors in estimates of demand elasticity or sales do not result in material overcollections or undercollections of electrical corporations.
This bill would additionally require the commission to ensure that those errors do not result in material overcollections or undercollections of water corporations.
Under existing law, a violation of the act or any order, decision, rule, direction, demand, or requirement of the commission is a crime.
Because the above requirement would be part of the act and a violation of a commission action implementing this 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.

Statutes affected:
SB 473: 739.10 PUC
02/19/25 - Introduced: 739.10 PUC