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 The provisions of this bill would be repealed on January 1, 2036.