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Committee advances bill requiring utilities to disclose taxpayer-funded loans, report expected savings to ratepayers
Summary
AB 10 20 would require investor‑owned utilities to disclose public loans and grants to the Public Utilities Commission and submit spending plans that quantify benefits passed to ratepayers; utilities support the goal but dispute the need for the new statute.
The Assembly Committee on Utilities and Energy voted to advance AB 10 20, a measure that would require investor‑owned utilities (IOUs) to disclose taxpayer-funded loans and grants to the California Public Utilities Commission and submit detailed spending plans showing how any financial benefits will be passed to ratepayers.
The bill’s author told the committee that rising electricity costs and increasing use of public financing by utilities — including a recent…
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