Clarifies the process for transferring funds from expired kilowatt-hour credits to low-income electricity assistance programs.
This bill modifies the process for handling unused kilowatt-hour credits that expire during the prior calendar year. It requires transmission and distribution utilities to remit the monetary value of these credits to the administrators of the statewide low-income assistance plan and individual low-income assistance programs. The bill also changes the remittance date from January 1st to April 1st and mandates that the Public Utilities Commission adopt rules for how utilities must report the number and monetary value of expired credits. These rules are considered routine technical rules.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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