Bill Text: CA SB572 | 2023-2024 | Regular Session | Amended

California Senate Bill 572

Bill Title: Natural gas: prices: report.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Engrossed) 2023-09-14 - Ordered to inactive file on request of Assembly Member Schiavo. [SB572 Detail]

Download: California-2023-SB572-Amended.html

Amended IN Assembly September 01, 2023

Amended IN Assembly July 03, 2023

Amended IN Senate April 24, 2023

CALIFORNIA LEGISLATURE— 2023–2024 REGULAR SESSION

Senate Bill

No. 572

Introduced by Senator Stern
(Coauthors: Senators Menjivar and Min)
(Coauthors: Assembly Members Luz Rivas and Schiavo)

February 15, 2023

An act to add and repeal Section 913.18 of the Public Utilities Code, relating to natural gas.

LEGISLATIVE COUNSEL'S DIGEST

SB 572, as amended, Stern. Natural gas: prices: report.

Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including gas corporations. An existing commission order requires the commission to investigate the causes and impacts of the winter 2022–2023 natural gas price spikes and the potential for recurrence, the impact of the price spikes on natural gas and electric prices and customer bills, the potential threats to gas and electric reliability and price volatility in summer 2023 and beyond, potential mitigations, and utility communications to customers to determine whether they were sufficient or require modifications.

This bill would require the commission, on or before ~~February~~ August 1, 2024, and in consultation with the State Energy Resources Conservation and Development Commission to the extent necessary to analyze the natural gas wholesale market and trends, to submit a report to the relevant legislative policy committees on the status, outcomes, and recommendations, if any, of the commission order described above and the status and any findings of any related investigations by the Federal Energy Regulatory Commission.

Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

Section 913.18 is added to the Public Utilities Code, to read:

913.18.

(a) On or before ~~February~~ August 1, 2024, the commission, in consultation with the Energy Commission to the extent necessary to analyze the natural gas wholesale market and trends, shall submit a report to the relevant policy committees of the Legislature on the status, outcomes, and recommendations, if any, of the commission’s Order Instituting Investigation on the Commission’s Own Motion into Natural Gas Prices During Winter 2022–2023 and Resulting Impacts to Energy Markets.

(b) The commission shall include, in the report, the status and any findings of any related investigations by the Federal Energy Regulatory Commission.