Assembly BillIntroducedPublic Utilities
AB 1677: Public utilities: electrical and gas corporations: return on equity.
What AB 1677 does, verified March 24, 2026
The bill aims to regulate public utilities, specifically electrical and gas corporations, by requiring them to justify rate changes with a return on invested capital study. The commission must evaluate the proposal to ensure the new rate is reasonable. The bill also prohibits the commission from setting an authorized return on equity that exceeds the rate on long-term federal debt by more than 400 basis points. This regulation aims to prevent excessive returns on investment, ensuring fair rates for customers.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: In committee: Hearing postponed by committee. (2026-03-23)Alert me
Author and sponsors
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| Mar. 23, 2026 | In committee: Hearing postponed by committee. |
| Mar. 23, 2026 | Re-referred to Com. on U. & E. |
| Mar. 19, 2026 | From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended. |
| Mar. 11, 2026 | Re-referred to Com. on U. & E. |
| Mar. 10, 2026 | From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended. |