AB 1774: Electrical corporations: wildfire mitigation plans: expenditures.

<p>The bill requires the Public Utilities Commission (PUC) to complete an independent audit of wildfire mitigation expenditures made by electrical corporations between January 1, 2021, and January 1, 2027. The PUC must conduct this audit using a third-party auditor before June 30, 2027. Additionally, the bill mandates that the PUC establish a schedule for regular audits of wildfire mitigation expenditures incurred over each preceding four-year period. These audits will be necessary before any proceeding where an electrical corporation seeks to recover or expend ratepayer funds for wildfire mitigation programs.</p>