Bill Text: CA SB549 | 2019-2020 | Regular Session | Amended
Bill Title: Public Utilities Commission: rates: capital structure changes.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2020-02-03 - Returned to Secretary of Senate pursuant to Joint Rule 56. [SB549 Detail]
Download: California-2019-SB549-Amended.html
Amended
IN
Senate
April 03, 2019 |
CALIFORNIA LEGISLATURE—
2019–2020 REGULAR SESSION
Senate Bill | No. 549 |
Introduced by Senator Hill |
February 22, 2019 |
An act to add Section 748 to the Public Utilities Code, relating to the Public Utilities Commission.
LEGISLATIVE COUNSEL'S DIGEST
SB 549, as amended, Hill.
Public Utilities Commission: rates: capital structure changes.
Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including electrical corporations. Existing law authorizes the commission to fix the rates and charges for every public utility and requires that those rates and charges be just and reasonable.
This bill would prohibit authorize the commission from approving any to approve a capital structure change or increase in rates for the Pacific Gas and Electric Company unless
only upon the Legislature, by statute, authorizes approving the capital structure change or increase in rates.
This bill would make legislative findings and declarations as to the necessity of a special statute for the Pacific Gas and Electric Company.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
The commission shall not approve any capital structure change or increase in rates for the Pacific Gas and Electric Company unless the Legislature, by statute, authorizes the capital structure change or increase in rates.