Bill > AB2589

This bill requires the Public Utilities Commission (PUC), which is the state agency that regulates public utilities and sets their rates, to examine the full impact of any new federal legislation on the federal tax expenses and liabilities of public utilities. If the PUC finds that these federal tax costs, which are already factored into the rates charged to consumers, are significantly changed by new federal laws, including a specific federal law referred to as House Resolution 1 (Public Law 119-21), the PUC must then adjust the public utility's rates to reflect these changes. This process ensures that utility rates remain just and reasonable by accounting for shifts in federal tax law that affect a utility's operating costs.

https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202520260AB2589