California AB1020 mandates utilities to report taxpayer funding over $1 million and requires the California Public Utilities Commission to issue.

California AB1020 requires investor-owned electrical and gas corporations to report taxpayer funding over $1 million in their quarterly reports. The California Public Utilities Commission must then compile an annual report summarizing this information, including the number of grants or loans, their sources, amounts, funded projects, and ratepayer savings. The commission can enforce compliance and impose penalties for noncompliance. The bill also mandates that utilities deliver financial benefits from taxpayer funding to ratepayers and adjust revenue requirements to reflect ratepayer savings.

California AB1020 mandates utilities to report taxpayer funding over $1 million and requires the California Public Utilities Commission to issue.

California AB1020 requires investor-owned electrical and gas corporations to report taxpayer funding over $1 million in their quarterly reports. The California Public Utilities Commission must then compile an annual report summarizing this information, including the number of grants or loans, their sources, amounts, funded projects, and ratepayer savings. The commission can enforce compliance and impose penalties for noncompliance. The bill also mandates that utilities deliver financial benefits from taxpayer funding to ratepayers and adjust revenue requirements to reflect ratepayer savings.