BILL ANALYSIS                                                                                                                                                                                                    



          SENATE COMMITTEE ON APPROPRIATIONS
                             Senator Ricardo Lara, Chair
                            2015 - 2016  Regular  Session

          AB 1266 (Gonzalez) - Electrical and gas corporations: excess  
          compensation.
          
           ----------------------------------------------------------------- 
          |                                                                 |
          |                                                                 |
          |                                                                 |
           ----------------------------------------------------------------- 
          |--------------------------------+--------------------------------|
          |                                |                                |
          |Version: May 4, 2015            |Policy Vote: E., U., & C. 7 - 3 |
          |                                |                                |
          |--------------------------------+--------------------------------|
          |                                |                                |
          |Urgency: No                     |Mandate: Yes                    |
          |                                |                                |
          |--------------------------------+--------------------------------|
          |                                |                                |
          |Hearing Date: August 27, 2015   |Consultant: Marie Liu           |
          |                                |                                |
           ----------------------------------------------------------------- 


          *********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
             The following information is revised to reflect amendments 
                     adopted by the committee on August 27, 2015


          Bill  
          Summary:  AB 1266 would prohibit an electrical or gas  
          corporation from recovering expenses for excess compensation, as  
          defined, from ratepayers if there have been safety violations  
          that result in over $5,000,000 in ratepayer costs.


          Fiscal  
          Impact:  Unknown ongoing costs, potentially $200,000 annually,  
          to the Public Utilities Reimbursement Account (special) for  
          proceedings and review of excess compensation.


          Author  
          Amendments:  Redefine excess compensation as over $1,000,000;  
          clarify that restrictions on excess compensation applies to five  
          years after a triggering event; and clarifying amendments.







          AB 1266 (Gonzalez)                                     Page 1 of  
          ?
          
          


                                      -- END --