Bill Text: CA AB1525 | 2015-2016 | Regular Session | Chaptered

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Bill Title: Electrical restructuring.

Sponsorship: Moderate Partisan Bill (Democrat 9-1)

Status: (Passed) 2015-08-07 - Chaptered by Secretary of State - Chapter 135, Statutes of 2015. [AB1525 Detail]

Download: California-2015-AB1525-Chaptered.html

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BILL NUMBER: AB 1525	CHAPTERED
	BILL TEXT

	CHAPTER  135
	FILED WITH SECRETARY OF STATE  AUGUST 7, 2015
	APPROVED BY GOVERNOR  AUGUST 7, 2015
	PASSED THE SENATE  JULY 6, 2015
	PASSED THE ASSEMBLY  MAY 18, 2015

INTRODUCED BY   Committee on Utilities and Commerce (Assembly Members
Rendon (Chair), Achadjian, Bonilla, Burke, Eggman, Cristina Garcia,
Roger Hern�ndez, Quirk, Santiago, and Williams)

                        MARCH 16, 2015

   An act to repeal Section 397 of the Public Utilities Code,
relating to electricity.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1525, Committee on Utilities and Commerce. Electrical
restructuring.
   Existing law, enacted as part of electrical restructuring,
required the Public Utilities Commission to authorize an electrical
corporation meeting specified conditions to implement a rate cap
mechanism that included a fuel price index mechanism to ensure the
continued safe and reliable provision of electric service during the
transition to competition and to limit the effect of fuel price
volatility in electric rates paid by consumers. This requirement
became inoperative on December 31, 2001.
   This bill would repeal the above-described requirement.


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

  SECTION 1.  Section 397 of the Public Utilities Code is repealed.