Today's Law As Amended


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AB-87 Rates: water corporations.(2001-2002)



As Amends the Law Today


SECTION 1.

 Section 454.5 is added to the Public Utilities Code, to read:

454.5.
 (a) The commission shall allow a water corporation to file advice letters for the recovery of actual electricity costs incurred by the water corporation. The advice letters shall become effective and be deemed approved 30 days after they have been filed and received by the commission, subject to refund of any amount of the rate subsequently found by the commission to be in excess of actual costs. On the date that a commission decision in a proceeding, subject to full evidentiary review, regarding appropriate terms and procedures for the timely cost recovery going forward for water corporations becomes final, this subdivision shall become inoperative.
(b) A water corporation shall account for the passing through of electricity cost increases in a balancing account, as provided for in Section 792.5, and shall refund any overcollections, with interest, as required by the commission.
SEC. 2.
 No reimbursement is required by this act pursuant to Section 6 of Article XIII B of the California Constitution because the only costs that may be incurred by a local agency or school district will be incurred because this act creates a new crime or infraction, eliminates a crime or infraction, or changes the penalty for a crime or infraction, within the meaning of Section 17556 of the Government Code, or changes the definition of a crime within the meaning of Section 6 of Article XIII B of the California Constitution.