California AB2762 clarifies the authority of the commission to disallow certain expenses for electrical and gas corporations.

California AB2762 amends the Public Utilities Code to clarify the authority of the commission in disallowing expenses for electrical and gas corporations. Specifically, the commission can disallow expenses related to unreasonable errors or omissions in the planning, construction, or operation of a plant costing over $50 million. The bill also disallows expenses if the corporation fails to maintain adequate records for evaluating the reasonableness of those expenses. This clarification applies to all pending matters before the commission and does not limit its other powers.

California AB2762 clarifies the authority of the commission to disallow certain expenses for electrical and gas corporations.

California AB2762 amends the Public Utilities Code to clarify the authority of the commission in disallowing expenses for electrical and gas corporations. Specifically, the commission can disallow expenses related to unreasonable errors or omissions in the planning, construction, or operation of a plant costing over $50 million. The bill also disallows expenses if the corporation fails to maintain adequate records for evaluating the reasonableness of those expenses. This clarification applies to all pending matters before the commission and does not limit its other powers.