Bill > AB1020

This bill requires investor-owned electrical and gas corporations (utilities) to provide detailed reporting on taxpayer funding they receive or apply for, specifically for federal infrastructure, climate, and science funding programs over $1 million. Utilities must submit quarterly reports to the California Public Utilities Commission (CPUC) that include information such as funding source, dollar amount, spending plans, project details, application status, and expected ratepayer benefits. The CPUC is authorized to impose penalties on utilities that do not comply with these reporting requirements. Furthermore, the commission must ensure that utilities promptly deliver financial benefits from taxpayer funding to ratepayers, potentially by adjusting revenue requirements and rate applications. The bill also mandates that the CPUC provide an annual report to the Legislature summarizing the taxpayer funding information from each utility, including grants, loans, projects funded, and ratepayer savings. These provisions will remain in effect until January 1, 2036, and are designed to increase transparency and ensure that public utility ratepayers benefit from federal infrastructure and innovation funding.

Budget and Finance, Transportation and Infrastructure

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB1020