BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
AB 1266 (Gonzalez) - Electrical and gas corporations: excess
compensation.
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|Version: May 4, 2015 |Policy Vote: E., U., & C. 7 - 3 |
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|Urgency: No |Mandate: Yes |
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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 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
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