California Public Utilities Code

§ 937

PUC § 937 Effective Jan 1, 2024Div. 1 · Part 1 · Ch. 4 · Art. 14.5

Statute text

(a)The commission shall ensure that each electrical corporation has sufficient and timely recovery of costs to be consistent with the findings and achieve the policies and requirements of this article, including for energization projects.

(b)If requested by the electrical corporation, the commission shall authorize, within 180 days of the request, the use of a ratemaking mechanism that does all of the following:

(1)Authorizes the electrical corporation to track costs for energization projects placed in service after January 1, 2024, that exceed the costs included in the electrical corporation’s annual authorized revenue requirement for energization, as established in the electrical corporation’s general rate case or any other proceeding.

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Legislative history

Added by Stats. 2023, Ch. 394, Sec. 1. (SB 410) Effective January 1, 2024. Repealed as of January 1, 2027, by its own provisions.