SB 332: Investor-Owned Utilities Accountability Act.

The bill aims to improve the energy sector in California by requiring a comparative analysis of transitioning electrical corporations to a public entity, nonprofit public benefit corporation, or mutual benefit corporation. A research institute will conduct this analysis, which must be completed by January 1, 2029, and made available to the public for comment. The energy commission will present the analysis at a publicly noticed business meeting. The bill also requires electrical and gas corporations to post information on their websites about terminations of service due to nonpayment, starting March 1, 2026 and annually thereafter. Additionally, the energy infrastructure safety director will require executive incentive compensation structures to ensure ratepayer affordability and public safety. The Public Utilities Commission will develop policies to reduce residential service disconnec…