AB 1020: Public utilities: energy: taxpayer funding: reporting.
This bill would require each investor-owned electrical or gas corporation to report certain information for any taxpayer funding received, including the amount, source, and projects funded. The Public Utilities Commission would be required to report this information to the legislature annually. The bill would also require the commission to provide a summary of the reported taxpayer funding, including the number of grants or loans, the source of those grants or loans, the dollar amount received, and the demonstrated ratepayer savings. The bill would also authorize the commission to impose penalties on utilities that fail to comply with the reporting requirements. The provisions of this bill would be repealed on January 1, 2036.
| Aug. 29, 2025 | In committee: Held under submission. |
| Aug. 18, 2025 | In committee: Referred to suspense file. |
| Jul. 16, 2025 | From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 3.) (July 15). Re-referred to Com. on APPR. |
| Jun. 24, 2025 | From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on E., U & C. |
| Jun. 18, 2025 | Referred to Com. on E., U & C. |
| Amended IN Senate June 24, 2025 |
| Amended IN Assembly April 21, 2025 |
| Amended IN Assembly March 10, 2025 |
| Introduced by Assembly Member Schiavo |
February 20, 2025 |
LEGISLATIVE COUNSEL'S DIGEST
The people of the State of California do enact as follows:
SECTION 1.
Section 593 is added to the Public Utilities Code, to read:593.
(a) For purposes of this section, both of the following definitions apply:(D)A calculation of all value to, or savings expected to benefit, ratepayers from receipt of the taxpayer funding, including estimates of all of the following:
(i)Decreases in forecasts of expenses, capital, interest, and taxes.
(ii)Locational grid benefits, such as avoided costs for future distribution, transmission, or generation investments.
(iii)Changes in revenue requirements.
(iv)Changes in average customer bills.
(v)Tax savings.
(E)
(F)