Plain English Breakdown
The official source material does not provide details about potential criminal penalties for violating the new rate increase rules.
Electrical Companies: Rate Increases
AB-99 sets rules about how much electrical companies can raise their rates and when they need customer approval.
What This Bill Does
- It stops electrical corporations from proposing rate increases above the rate of inflation unless customers vote to approve it in an election conducted according to specific requirements.
- The Public Utilities Commission cannot approve higher price increases without customer approval, except for safety enhancements or modernization and higher commodity or fuel costs.
Who It Names or Affects
- Electrical companies
- Customers of electrical corporations
- Public Utilities Commission
Terms To Know
- Rate of inflation
- The percentage increase in prices for goods and services over time.
- General rate case cycle
- A period during which electrical companies can request changes to their rates.
Limits and Unknowns
- It does not specify how often customers will vote on rate increases.
- The bill does not explain the exact process for customer elections.