California AB2338 mandates electric and gas corporations to submit inflation-constrained rate case scenarios in rate applications.

California AB2338 requires electrical and gas corporations to submit inflation-constrained rate case scenarios in their general rate case applications. These scenarios must ensure that cumulative increases in annual expenditures do not exceed the projected federal social security beneficiary cost-of-living adjustment. The California Public Utilities Commission must compare these scenarios with the primary rate case plans and apply heightened scrutiny to any requests that exceed the inflation-constrained rate case scenario.

California AB2338 mandates electric and gas corporations to submit inflation-constrained rate case scenarios in rate applications.

California AB2338 requires electrical and gas corporations to submit inflation-constrained rate case scenarios in their general rate case applications. These scenarios must ensure that cumulative increases in annual expenditures do not exceed the projected federal social security beneficiary cost-of-living adjustment. The California Public Utilities Commission must compare these scenarios with the primary rate case plans and apply heightened scrutiny to any requests that exceed the inflation-constrained rate case scenario.