California AB286 mandates a 30% reduction in electricity rates by January 1, 2027, through a cost-effectiveness review.

California AB286 requires the California Public Utilities Commission (CPUC) to generate a report with recommendations to decrease the kilowatt-per-hour rate for electricity charged to ratepayers by at least 30% by January 1, 2027. The CPUC must review each public purpose program that is not cost-effective and evaluate those not yet assessed. It should also consider adopting suggestions from its CPUC Response to Executive Order No. N-5-24 and audit costs claimed by electrical corporations for wildfire mitigation plans, recommending rate reductions for unreasonable costs.

California AB286 mandates a 30% reduction in electricity rates by January 1, 2027, through a cost-effectiveness review.

California AB286 requires the California Public Utilities Commission (CPUC) to generate a report with recommendations to decrease the kilowatt-per-hour rate for electricity charged to ratepayers by at least 30% by January 1, 2027. The CPUC must review each public purpose program that is not cost-effective and evaluate those not yet assessed. It should also consider adopting suggestions from its CPUC Response to Executive Order No. N-5-24 and audit costs claimed by electrical corporations for wildfire mitigation plans, recommending rate reductions for unreasonable costs.