California AB2700 mandates the Public Utilities Commission to develop restitution mechanisms for wildfire victims caused by electrical corporations.

California AB2700 requires the Public Utilities Commission to create restitution mechanisms for wildfire victims caused by electrical corporations. The bill defines "full compensation" and "verified restitution shortfalls" for wildfire victims. It mandates the commission to assess these shortfalls and develop mechanisms to ensure full compensation, prioritizing victims of wildfires between January 1, 2015, and July 12, 2019. The commission must submit a report by January 1, 2028, recommending mechanisms that do not authorize rate recovery for restitution payments.

California AB2700 mandates the Public Utilities Commission to develop restitution mechanisms for wildfire victims caused by electrical corporations.

California AB2700 requires the Public Utilities Commission to create restitution mechanisms for wildfire victims caused by electrical corporations. The bill defines "full compensation" and "verified restitution shortfalls" for wildfire victims. It mandates the commission to assess these shortfalls and develop mechanisms to ensure full compensation, prioritizing victims of wildfires between January 1, 2015, and July 12, 2019. The commission must submit a report by January 1, 2028, recommending mechanisms that do not authorize rate recovery for restitution payments.