Electrical corporations: wildfire victim restitution shortfalls: report.

AB 2700

California Bills

20250AB__270095AMD INTRODUCED 2026-02-20 AMENDED_ASSEMBLY 2026-03-10 AMENDED_ASSEMBLY 2026-03-23 AMENDED_ASSEMBLY 2026-05-18 AMENDED_SENATE 2026-06-24 2025 AB AMD Introduced by Assembly Member Patterson (Coauthor: Assembly Member Hadwick) <caml:Contribution>LEAD_AUTHOR</caml:Contribution><caml:House>ASSEMBLY</caml:House><caml:Name>Gallagher</caml:Name></caml:Legislator>"?> LEAD_AUTHOR ASSEMBLY Patterson COAUTHOR ASSEMBLY Hadwick

An act to add

Section 719.3 to the Public Utilities Code, relating to electricity. electricity Electrical corporations: wildfire victim restitution shortfalls: report. Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations.

Existing law requires the Wildfire Fund Administrator, in consultation with the commission and other entities, to prepare and submit to the Legislature and the Governor a report that evaluates and sets forth recommendations on new models or approaches that mitigate damage, accelerate recovery, and responsibly and equitable allocate burdens from natural catastrophes, including catastrophic wildfires, across stakeholders, as provided.

This bill would require the commission, on or before January 1, 2028, to generate a report assessing the verified restitution shortfalls for victims of wildfires caused by electrical corporations occurring before July 12, 2019. The bill would further require the commission to recommend mechanisms for electrical corporations to address those shortfalls, as provided. MAJORITY NO YES NO NO NO NO NO NO NO NO The people of the State of California do enact as follows:

SECTION

Section 719.3 is added to the Public Utilities Code , immediately following

Section 719 , to read: 719.3. On or before January 1, 2028, the commission shall generate a report assessing the verified restitution shortfalls for victims of wildfires caused by electrical corporations occurring before July 12, 2019, and recommend mechanisms for electrical corporations to address those verified restitution shortfalls to ensure victims are fully and fairly compensated in a timely manner while supporting long-term rate stability. The recommendations shall not include any measures that authorize rate recovery for restitution payments.

Document details

CollectionCalifornia Bills
CitationAB 2700
Date2026-06-24
Typebill
Languageen
SourceCA_BILL
Identifier20250AB270095AMD

Electrical corporations: wildfire victim restitution shortfalls: report.

AB 2700

California Bills

Electrical corporations: wildfire victim restitution shortfalls: report.

AB 2700

California Bills

20250AB__270095AMD INTRODUCED 2026-02-20 AMENDED_ASSEMBLY 2026-03-10 AMENDED_ASSEMBLY 2026-03-23 AMENDED_ASSEMBLY 2026-05-18 AMENDED_SENATE 2026-06-24 2025 AB AMD Introduced by Assembly Member Patterson (Coauthor: Assembly Member Hadwick) <caml:Contribution>LEAD_AUTHOR</caml:Contribution><caml:House>ASSEMBLY</caml:House><caml:Name>Gallagher</caml:Name></caml:Legislator>"?> LEAD_AUTHOR ASSEMBLY Patterson COAUTHOR ASSEMBLY Hadwick

An act to add

Section 719.3 to the Public Utilities Code, relating to electricity. electricity Electrical corporations: wildfire victim restitution shortfalls: report. Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations.

Existing law requires the Wildfire Fund Administrator, in consultation with the commission and other entities, to prepare and submit to the Legislature and the Governor a report that evaluates and sets forth recommendations on new models or approaches that mitigate damage, accelerate recovery, and responsibly and equitable allocate burdens from natural catastrophes, including catastrophic wildfires, across stakeholders, as provided.

This bill would require the commission, on or before January 1, 2028, to generate a report assessing the verified restitution shortfalls for victims of wildfires caused by electrical corporations occurring before July 12, 2019. The bill would further require the commission to recommend mechanisms for electrical corporations to address those shortfalls, as provided. MAJORITY NO YES NO NO NO NO NO NO NO NO The people of the State of California do enact as follows:

SECTION

Section 719.3 is added to the Public Utilities Code , immediately following

Section 719 , to read: 719.3. On or before January 1, 2028, the commission shall generate a report assessing the verified restitution shortfalls for victims of wildfires caused by electrical corporations occurring before July 12, 2019, and recommend mechanisms for electrical corporations to address those verified restitution shortfalls to ensure victims are fully and fairly compensated in a timely manner while supporting long-term rate stability. The recommendations shall not include any measures that authorize rate recovery for restitution payments.

Document details

CollectionCalifornia Bills
CitationAB 2700
Date2026-06-24
Typebill
Languageen
SourceCA_BILL
Identifier20250AB270095AMD