AB-1408
Existing law grants the Public Utilities Commission regulatory authority over public utilities, including setting just and reasonable rates, and authorizes the use of default time-of-use rates for residential customers under certain conditions, including requiring at least one year of interval usage data and one year of bill protection. This bill would extend the bill protection period from one year to two years, ensuring that during that time, a residential customer’s total electric service payments do not exceed what they would have paid under their previous rate schedule.