California SB473 allows water corporations to implement decoupling mechanisms to stabilize revenue and incentivize conservation.
California SB473 amends the Public Utilities Code to allow water corporations with over 10,000 service connections to implement decoupling mechanisms. These mechanisms separate water sales revenue from overall revenue, ensuring that fluctuations in water sales do not lead to overcollection or undercollection of revenue. The bill also mandates that the commission consider establishing balancing accounts or funds to stabilize water rates.
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