California SB905 modifies the California Constitution to allow the Public Utilities Commission to set just and reasonable rates for electrical.

California SB905 amends the California Constitution to allow the Public Utilities Commission to set just and reasonable rates for electrical corporations, including by declining to apply a reduced return on equity to any cost if it finds doing so would not be just and reasonable. The bill also requires the commission to consider assigning a reduced return on equity for certain categories of costs, such as capital costs recovered through a balancing account or a memorandum account, capital costs exempted from a reasonableness review, and capital costs relating to undergrounding of the.

California SB905 modifies the California Constitution to allow the Public Utilities Commission to set just and reasonable rates for electrical.

California SB905 amends the California Constitution to allow the Public Utilities Commission to set just and reasonable rates for electrical corporations, including by declining to apply a reduced return on equity to any cost if it finds doing so would not be just and reasonable. The bill also requires the commission to consider assigning a reduced return on equity for certain categories of costs, such as capital costs recovered through a balancing account or a memorandum account, capital costs exempted from a reasonableness review, and capital costs relating to undergrounding of the.