BILL NUMBER: SB 1533	CHAPTERED
	BILL TEXT

	CHAPTER  226
	FILED WITH SECRETARY OF STATE  AUGUST 29, 2012
	APPROVED BY GOVERNOR  AUGUST 29, 2012
	PASSED THE SENATE  MAY 25, 2012
	PASSED THE ASSEMBLY  AUGUST 16, 2012
	AMENDED IN SENATE  MAY 1, 2012
	AMENDED IN SENATE  MARCH 27, 2012

INTRODUCED BY   Senator Padilla

                        FEBRUARY 24, 2012

   An act to amend and repeal Section 343 of the Public Utilities
Code, relating to electricity.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 1533, Padilla. Electricity: energy crisis litigation.
   Existing law, until January 1, 2013, requires the Attorney General
to represent the Department of Finance and to succeed to all rights,
claims, powers, and entitlements of the Electricity Oversight Board
in any litigation or settlement to obtain ratepayer recovery for the
effects of the 2000-02 energy crisis. Existing law additionally
prohibits the Attorney General from expending the proceeds of any
settlements of those claims, except as specified.
   This bill would instead repeal the above-described requirements on
January 1, 2016.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 343 of the Public Utilities Code is amended to
read:
   343.  (a) The Attorney General shall represent the Department of
Finance and shall succeed to, and may exercise, all rights, claims,
powers, and entitlements of the Electricity Oversight Board in any
litigation or settlement to obtain ratepayer recovery for the effects
of the 2000-02 energy crisis. This section does not require the
Attorney General to litigate any claim, or take any other action, as
successor to the Electricity Oversight Board.
   (b) The Attorney General shall not distribute or expend the
proceeds of any settlements of claims described in subdivision (a),
except in accordance with Article 9.5 (commencing with Section
16428.1) of Chapter 2 of Part 2 of Division 4 of Title 2 of the
Government Code and Division 27 (commencing with Section 80000) of
the Water Code.
   (c) The Attorney General shall not distribute or expend the
proceeds of any settlements of claims allocated to the Electricity
Oversight Board.
   (d) This section shall remain in effect only until January 1,
2016, and as of that date is repealed, unless a later enacted
statute, that is enacted before January 1, 2016, deletes or extends
that date.