AB-1301 • 2026

Electricity: Power Exchange.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Petrie-Norris
Last action: 2025-05-28
Official status: Referred to Com. on E., U & C.
Effective date: Not listed

Plain English Breakdown

Official source material did not provide specific details on changes to laws related to the Power Exchange or its impact on other electricity purchasing methods. The bill's summary and digest do not address these points.

Electricity: Ending the Power Exchange

AB-1301 abolishes a nonprofit organization called the Power Exchange that organizes competitive auctions for electricity suppliers.

What This Bill Does

Abolishes the Power Exchange, which is a nonprofit public benefit corporation organizing competitive auctions for electricity suppliers.

Who It Names or Affects

Electricity suppliers who participate in the Power Exchange's auctions.
Customers of electricity companies that rely on the Power Exchange for purchasing power.

Terms To Know

Power Exchange: A nonprofit public benefit corporation organizing competitive auctions for electricity suppliers to meet customer needs efficiently.

Limits and Unknowns

The bill does not specify how customers will obtain power after the Power Exchange is abolished.
It is unclear what happens to the employees of the Power Exchange when it stops functioning.

Bill History

2025-05-28 California Legislative Information
Referred to Com. on E., U & C.
2025-05-15 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2025-05-15 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 69. Noes 0. Page 1570.)
2025-05-08 California Legislative Information
Read second time. Ordered to Consent Calendar.
2025-05-07 California Legislative Information
From committee: Do pass. To Consent Calendar. (Ayes 15. Noes 0.) (May 7).
2025-04-23 California Legislative Information
In committee: Hearing postponed by committee.
2025-03-10 California Legislative Information
Referred to Com. on U. & E.
2025-02-24 California Legislative Information
Read first time.
2025-02-22 California Legislative Information
From printer. May be heard in committee March 24.
2025-02-21 California Legislative Information
Introduced. To print.

Official Summary Text

AB 1301, as introduced, Petrie-Norris.
Electricity: Power Exchange.
Existing law establishes a Power Exchange as a nonprofit public benefit corporation to provide an efficient competitive auction, open on a nondiscriminatory basis to all suppliers of electricity, that meets the loads of all of its customers at efficient prices.
This bill would abolish the Power Exchange and would make various conforming changes.

Current Bill Text

Read the full stored bill text

Download Bill PDF