Revisit state energy regulation to prioritize affordability in electrification. Participants stressed that affordability must become a regulatory priority across agencies.
Challenge/Local/State
Priority Area: Clean Energy and Building Decarbonization
Description
State Solution
(Type of Activity: Policy/Regulation )
Existing Examples of Progress: CPUC R.87-11-012 established an annual Cost of Capital (CoC) proceeding for IOUs. In December 2025, the CPUC voted to drop the return on equity for Pacific Gas & Electric, Southern California Edison, Southern California Gas Company and San Diego Gas & Electric by 0.3 percentage points each. to just under 10 percent, which are more consistent with national trends.
Region: San Francisco Bay Area
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