Bill Text


PDF |Add To My Favorites |Track Bill | print page

SB-437 Public utilities.(2021-2022)

SHARE THIS:share this bill in Facebookshare this bill in Twitter
Date Published: 02/16/2021 09:00 PM
SB437:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2021–2022 REGULAR SESSION

Senate Bill
No. 437


Introduced by Senator Wieckowski

February 16, 2021


An act to amend Section 9604 of the Public Utilities Code, relating to public utilities.


LEGISLATIVE COUNSEL'S DIGEST


SB 437, as introduced, Wieckowski. Public utilities.
Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including electrical corporations, as defined, while local publicly owned electric utilities, as defined, are under the direction of their governing boards. Existing law restructured local publicly owned electric utilities by statutes that require the local regulatory body of each local publicly owned electric utility to determine whether it will authorize direct transactions between electricity suppliers and end-use customers, subject to a severance fee or transaction charge for certain costs associated with the restructuring. Existing law defines “direct transaction,” “service area,” and “severance fee” for these purposes.
This bill would make a nonsubstantive change in these provisions.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 9604 of the Public Utilities Code is amended to read:

9604.
 For purposes of this division, the following definitions apply:
(a) “Direct transaction” means a contract between one or more electric generators, marketers, or brokers, public or private, of electric power and one or more retail customers providing for the purchase and sale of electric power and ancillary services.
(b) “Service area” means an area in which, as of December 20, 1995, an investor-owned electric utility or a local publicly owned electric utility was obligated to provide service.
(c) “Severance fee” or “transition charge” for a local publicly owned electric utility shall mean means that charge or periodic charge assessed to customers to recover the reasonable uneconomic portion of costs associated with generation-related assets and obligations, nuclear decommissioning, and capitalized energy efficiency investment programs approved prior to August 15, 1996.