Bill > AB99

This bill addresses rate increases for electrical corporations in California by introducing new restrictions and requirements. Specifically, the bill prohibits electrical corporations from proposing rate increases above the rate of inflation (defined as the annual increase in the California Consumer Price Index) for any general rate case cycle. However, the Public Utilities Commission is given the authority to approve rate increases above inflation under certain circumstances, such as when the increases are directly related to safety enhancements, modernization, or higher commodity or fuel costs. The bill originally included a provision for customer voting on rate increases, but this language has been removed in the amended version. The legislation is part of the Public Utilities Code and would impose potential criminal penalties for violations. Additionally, the bill includes a provision stating that no reimbursement is required for any costs associated with implementing these new regulations, particularly those related to creating or changing potential criminal infractions. This bill aims to provide more oversight and protection for consumers against potentially excessive electrical utility rate increases.

Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB99