AB 2666 – Assembly Floor Vote
Utilities Rate of Return
Energy bills are far too high for many people in California, and with utilities like PG&E raking in record profits, people are struggling to pay their energy bills. This is not only inequitable, but it puts our clean energy future at stake. This bill requires the California Public Utilities Commission (CPUC) to review forecasted costs by electric and gas utilities on a more frequent basis after the approval of each general rate case, which is a formal process where utility companies are permitted to adjust the rates it charges customers. The bill then allows the CPUC to adjust the authorized rate of return to utility companies so that utility company profits are not excessive.
Bill info from the legislature
Issues: Corporate Accountability
Supported
Signed into Law
Status:
Signed into Law
Yes 56
No 4
Abstain 19
Yes 32
No 7
Abstain 1
Signed
