California SB332 proposes a transition from investor-owned utilities to a successor entity prioritizing public interest and safety.

The Investor-Owned Utilities Accountability Act aims to transition California's investor-owned utilities (IOUs) to a successor entity that prioritizes public interest and safety. The bill mandates a comparative analysis of potential successor entities, including public entities, nonprofit public benefit corporations, and mutual benefit corporations. It seeks to ensure the new entity can manage wildfire liability, decommission unsafe infrastructure, and prioritize equity and climate resilience.

California SB332 proposes a transition from investor-owned utilities to a successor entity prioritizing public interest and safety.

The Investor-Owned Utilities Accountability Act aims to transition California's investor-owned utilities (IOUs) to a successor entity that prioritizes public interest and safety. The bill mandates a comparative analysis of potential successor entities, including public entities, nonprofit public benefit corporations, and mutual benefit corporations. It seeks to ensure the new entity can manage wildfire liability, decommission unsafe infrastructure, and prioritize equity and climate resilience.