Bill > AB745

This bill modifies how California's climate credits are distributed to residential electricity customers. Specifically, the bill requires electrical corporations to provide climate credits to residential customers on their bills during the months of July, August, and September each year, or as otherwise directed by the California Public Utilities Commission (CPUC) in extreme or unforeseen circumstances. The credit will now be "volumetric," meaning the amount will be based on electricity consumption, rather than a flat rate that is independent of how much electricity a customer uses. The climate credits are part of California's greenhouse gas emissions reduction strategy, where electrical corporations receive allowances for emissions, and the monetary value of those allowances is passed back to customers. The bill aims to provide more targeted financial relief during the summer months when electricity bills tend to be higher due to increased cooling needs. No additional state reimbursement is required for implementing these changes, as the bill is considered to be primarily administrative in nature.

Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB745