BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
AB 895 (Rendon) - Utility rate refunds: energy crisis
litigation.
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|Version: February 26, 2015 |Policy Vote: E., U., & C. 10 - |
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|Urgency: No |Mandate: No |
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|Hearing Date: August 27, 2015 |Consultant: Marie Liu |
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*********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
The following information is revised to reflect amendments
adopted by the committee on August 27, 2015
Bill
Summary: AB 895 would require that proceeds of any claims
arising out of the energy crisis of 2000-02 recovered by the
California Public Utilities Commission (CPUC), less its
litigation and investigation costs, be monetary and deposited
into the Ratepayer Relief Fund, where it would be required to be
used to lower rates for customers.
Fiscal
Impact: Increased revenues, potentially in the billions of
dollars, to the Ratepayer Relief Fund (special).
Author
Amendments:
Require that all settlements entered into by the Attorney
AB 895 (Rendon) Page 1 of
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General or the CPUC be monetary
Limit the restrictions on the distribution and expending of
proceeds to claims recovered by the CPUC.
Restrict the use of the Ratepayer Relief Fund to reducing
rates for customers or to reduce debt service on bonds.
Allow the CPUC to recover its litigation and investigation
costs.
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