AB 1787: Electrical corporations: rates: smart meter infrastructure: dynamic rate option.

This bill requires the Public Utilities Commission to approve a large electrical corporation's request to upgrade its smart meter infrastructure and related systems if the commission ensures that the corporation will offer all its customers an optional dynamic rate tariff within a certain timeframe. The commission must review the request and ensure that the corporation makes the same time-varying distribution rates available to both bundled and unbundled customers in the same geographic area. The bill aims to promote fairness and equality in electricity pricing for customers across different service plans. The bill does not require the state to reimburse local agencies or school districts for any costs associated with implementing this bill.