California SB1098 regulates the use of memorandum and balancing accounts by the Public Utilities Commission.

California SB1098 establishes rules for the Public Utilities Commission's use of memorandum and balancing accounts. These accounts track specific costs incurred by utilities, allowing them to seek recovery of costs above authorized amounts or for ratepayers to receive credits for costs below authorized amounts. The bill mandates that such accounts be authorized only when necessary to address costs that cannot reasonably be anticipated in the general rate case process. It also requires the commission to consider cost-sharing and other factors when authorizing these accounts.

California SB1098 regulates the use of memorandum and balancing accounts by the Public Utilities Commission.

California SB1098 establishes rules for the Public Utilities Commission's use of memorandum and balancing accounts. These accounts track specific costs incurred by utilities, allowing them to seek recovery of costs above authorized amounts or for ratepayers to receive credits for costs below authorized amounts. The bill mandates that such accounts be authorized only when necessary to address costs that cannot reasonably be anticipated in the general rate case process. It also requires the commission to consider cost-sharing and other factors when authorizing these accounts.