SB 1098: Public utilities: forecast-based ratemaking.

This bill aims to make forecast-based ratemaking the preferred method for establishing revenue requirements for public utilities. It requires the Public Utilities Commission to adhere to specific principles, including using forecast-based ratemaking as the default approach and authorizing memorandum accounts and balancing accounts only under exceptional circumstances. The bill also requires each memorandum account or balancing account to include an expiration date and authorizes the commission to establish exceptions for certain categories of costs. Additionally, the bill does not require reimbursement for certain costs.