California Public Utilities Code

§ 451.8

PUC § 451.8 Effective Jan 1, 2025Div. 1 · Part 1 · Ch. 3 · Art. 1

Statute text

(a)Following the approval of each general rate case, the commission shall review which costs, if any, differed from the general rate case forecasts for each electrical corporation or gas corporation. The commission shall adjust the authorized revenue requirement in the subsequent general rate case, as appropriate, based on the actual past costs the corporation records.

(b)(1) The commission shall establish guidelines for electrical corporations and gas corporations to calculate and report their actual rates of return to the commission.

(2)The commission shall require electrical corporations and gas corporations to report their actual rates of return to the commission annually.

…

Legislative history

Added by Stats. 2024, Ch. 413, Sec. 1. (AB 2666) Effective January 1, 2025.