This bill would require electrical and gas corporations to submit additional financial and operational data as part of their general rate case filings, including 10-year historical returns (both authorized and actual) and distribution capacity project forecasts from prior rate cases, to enhance the Public Utilities Commission’s (PUC) review of cost variances and revenue requirement adjustments. While existing law already mandates just and reasonable utility rates and post-approval cost reviews, the bill strengthens transparency by compelling utilities to provide this specific historical performance data. Violations of PUC orders implementing these requirements would remain punishable as crimes under the Public Utilities Act, potentially creating state-mandated local costs, though the bill specifies no reimbursement is required for these costs. The changes aim to improve rate-setting accuracy and oversight while maintaining existing enforcement mechanisms.
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