AB 1975: Electrical corporations: distribution grid utilization metric.

The bill aims to regulate the electricity grid utilization by requiring electrical corporations to calculate and report their load as a percentage of rated capacity. The Public Utilities Commission must establish a minimum grid utilization metric value annually, which increases every year, and incentivize or penalize corporations based on their performance. Corporations must submit quarterly reports to the commission detailing their grid utilization metric calculations. By December 2027, corporations must propose grid utilization programs to achieve the minimum value, and by July 2028, they must implement these programs. Violations of the commission's requirements could result in penalties and fines.