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Committee advances bill requiring utilities to disclose taxpayer‑funded loans and plans to ensure customer benefits
Summary
AB 10 20 would require investor‑owned utilities to disclose publicly funded loans or grants to the California Public Utilities Commission and submit spending plans so potential savings are passed to ratepayers; the committee passed the bill to Appropriations.
Assemblymember (Wicks) presented AB 10 20 to address rising retail electricity costs and to ensure that taxpayer‑funded loans and grants produce consumer savings. "This bill would ensure that IOUs disclose to the PUC any taxpayer funded loans or grants they are pursuing or have secured and requires them to submit detailed spending plans," the author said.
The bill would require investor‑owned utilities to report public loans and grants to the California Public Utilities Commission, file detailed…
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