California SB1359 mandates gas corporations to report on infrastructure projects and evaluates depreciation schedules to protect ratepayers.

California SB1359, the Natural Gas Ratepayer Protection Act, requires gas corporations to submit annual reports detailing expenditures on gas distribution infrastructure projects. These reports must include planned and forecasted expenditures, project statuses, remaining costs, and completion dates. The commission evaluates whether depreciation schedules appropriately reflect projected gas demand reductions and considers alternative methodologies to minimize future ratepayer exposure to stranded asset costs.

California SB1359 mandates gas corporations to report on infrastructure projects and evaluates depreciation schedules to protect ratepayers.

California SB1359, the Natural Gas Ratepayer Protection Act, requires gas corporations to submit annual reports detailing expenditures on gas distribution infrastructure projects. These reports must include planned and forecasted expenditures, project statuses, remaining costs, and completion dates. The commission evaluates whether depreciation schedules appropriately reflect projected gas demand reductions and considers alternative methodologies to minimize future ratepayer exposure to stranded asset costs.