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Committee advances bill to require IOU rate‑of‑return disclosures in general rate cases
Summary
AB 1017, presented by Assemblymember Burner, would require investor‑owned utilities to disclose authorized and actual rates of return and related capital project forecasts in general rate case filings; the committee passed the bill to appropriations.
Assemblymember Burner introduced AB 1017 as a transparency measure aimed at helping ratepayer advocates and the public better understand one driver of rising utility bills. "AB 1017 would require an IOU as part of the general rate case to provide ... the authorized and actual rate of return and return on equity for the past 10 years," Burner said, calling the bill "a transparency bill."
Burner told the committee the measure would require investor‑owned utilities (IOUs) to include authorized and actual…
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