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Committee advances bill requiring utilities to disclose 10‑year returns in rate cases
Summary
AB 1017, presented by Assemblymember Burner, would require investor‑owned utilities to provide historical authorized and actual rate of return and return on equity data for the past 10 years in general rate cases; the Senate committee sent the bill to the Appropriations Committee, 14-0.
The Senate Committee on Energy, Utilities and Communications voted to pass AB 1017, a transparency measure for investor‑owned utilities (IOUs), to the Senate Appropriations Committee by a recorded vote of 14-0.
Assemblymember Burner, the author, told the committee that one of the largest contributors to rising residential utility rates is IOU profits on capital expenditures, including distribution projects. AB…
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