BILL ANALYSIS Ó
AB 2570
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Date of Hearing: April 27, 2016
ASSEMBLY COMMITTEE ON APPROPRIATIONS
Lorena Gonzalez, Chair
AB
2570 (Quirk) - As Introduced February 19, 2016
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|Policy |Utilities and Commerce |Vote:|15 - 0 |
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Urgency: No State Mandated Local Program: NoReimbursable: No
SUMMARY:
This bill deletes the requirement for the PUC to furnish reports
on inspections and audits and other pertinent information to the
Board of Equalization (BOE).
FISCAL EFFECT:
AB 2570
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No state costs.
COMMENTS:
1)Rationale. In March 2014, the State Auditor issued a report
in response to a request by the Joint Legislative Audit
Committee concerning the PUC oversight of the utility
balancing accounts of the entities it regulates.
The Auditor found the PUC lacked adequate oversight over
balancing accounts, and did not always comply with legal audit
requirements.
The Auditor also determined that for over three decades, the
PUC failed to provide audit results to the BOE for tax
purposes. Included in her recommendation, the State Auditor
noted the Legislature should amend state law to remove the
requirement that the CPUC provide audit reports to
Equalization. This bill implements that recommendation.
2)Related Legislation. AB 2168 (Williams) revises PUC reporting
requirements on inspections and audits and modifies current
auditing requirements. This bill implements all of the March
2014 Audit recommendations and is currently on the Assembly
floor.
Analysis Prepared by:Jennifer Galehouse / APPR. / (916)
319-2081
AB 2570
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