Lisa Calderon
- Democratic
- Assemblymember
- District 56
Author
Existing law authorizes the Public Utilities Commission to fix the rates and charges for every public utility, and requires that those rates and charges be just and reasonable. Existing law authorizes an electrical corporation to file an application requesting the commission to issue a financing order to authorize the recovery of costs and expenses related to a catastrophic wildfire, including fire risk mitigation capital expenditures, through the issuance of bonds by the electrical corporation that are secured by a rate component, as provided. This bill would, in addition to expenses related to catastrophic wildfires, authorize the use of a financing order to recover the costs of wildfire mitigation efforts, operational and maintenance expenses related to an electrical corporation's wildfire mitigation plan, wildfire risk mitigation costs, vegetation management costs and expenses, or to recover an electrical corporation's costs related to any federal or state declaration of a state of emergency. The bill would authorize an application for vegetation management expenses submitted by a large electrical corporation, as defined, to include the issuance of recovery bonds for vegetation management expenses, including where bond proceeds are refunded to customers, in an amount not to exceed a specified amount with an average repayment period not to exceed 15 years.
Vetoed by Governor.
Enrolled and presented to the Governor at 3:30 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 62. Noes 0.).
In Assembly. Concurrence in Senate amendments pending.
Read third time. Passed. Ordered to the Assembly. (Ayes 31. Noes 6.).
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 5. Noes 1.) (August 15).
Read second time and amended. Re-referred to Com. on APPR.
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 15. Noes 1.) (July 2).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on E., U. & C.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 58. Noes 0. Page 5643.)
Read second time. Ordered to third reading.
Read second time and amended. Ordered returned to second reading.
Assembly Rule 63 suspended.
From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (May 16).
Joint Rule 62(a), file notice suspended. (Page 5215.)
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 24). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended.
From printer. May be heard in committee March 18.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB3263 | HTML |
| 02/16/24 - Introduced | |
| 03/18/24 - Amended Assembly | |
| 05/16/24 - Amended Assembly | |
| 06/20/24 - Amended Senate | |
| 07/03/24 - Amended Senate | |
| 09/05/24 - Enrolled |
| Document | Format |
|---|---|
| 04/23/24- Assembly Committee on Utilities and Energy | |
| 05/14/24- Assembly Appropriations | |
| 05/20/24- ASSEMBLY FLOOR ANALYSIS | |
| 06/30/24- Senate Energy, Utilities and Communications | |
| 08/02/24- Senate Appropriations | |
| 08/18/24- Sen. Floor Analyses | |
| 08/30/24- ASSEMBLY FLOOR ANALYSIS | |
| 10/10/24- ASSEMBLY FLOOR ANALYSIS |
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