BILL NUMBER: AB 2570	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Quirk

                        FEBRUARY 19, 2016

   An act to amend Section 314.5 of the Public Utilities Code,
relating to the Public Utilities Commission.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 2570, as introduced, Quirk. Public Utilities Commission:
inspection and audit of books and records.
   Under existing law, the Public Utilities Commission has regulatory
authority over public utilities and can establish its own
procedures, subject to statutory limitations or directions and
constitutional requirements of due process. The Public Utilities Act
requires the commission to inspect and audit the books and records of
certain public utilities, at specified intervals, for regulatory and
tax purposes.  Existing law requires reports of these inspections
and audits and other pertinent information to be furnished to the
State Board of Equalization for use in the assessment of public
utilities.
   This bill would delete the requirement that reports of the
inspections and audits and other pertinent information be furnished
to the State Board of Equalization.
   Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.


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

  SECTION 1.  Section 314.5 of the Public Utilities Code is amended
to read:
   314.5.  The commission shall inspect and audit the books and
records for regulatory and tax purposes (a) at least once in every
three years in the case of every electrical, gas, heat, telegraph,
telephone, and water corporation serving over 1,000 customers, and
(b) at least once in every five years in the case of every
electrical, gas, heat, telegraph, telephone, and water corporation
serving 1,000 or fewer customers. An audit conducted in connection
with a rate proceeding shall be deemed to fulfill the requirements of
this section.  Reports of such inspections and audits and
other pertinent information shall be furnished to the State Board of
Equalization for use in the assessment of public utilities.