Requires certain utilities to adopt the common equity ratio and rate of return on equity authorized by the public service commission
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What it does
Official summary
Requires electric corporations, gas corporations, steam corporations and water-works corporations to adopt the common equity ratio and rate of return on equity authorized by the public service commission unless such utility can successfully demonstrate that such authorized rates do not meet their capital and/or operating needs.
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More on this bill
Where it stands
Introduced
Passed 1st Chamber
Passed 2nd Chamber
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
Feb 5REFERRED TO ENERGYLatest
Feb 4DELIVERED TO ASSEMBLY
Vote recorded Floor Vote. Result: pass.Upper
Feb 4PASSED SENATEPassed 2nd Chamber
Jan 27ORDERED TO THIRD READING CAL.142
Vote recorded Energy And Telecommunications Vote. Result: pass.Upper
Vote recorded Rules Vote. Result: pass.Upper
Jan 27REPORTED AND COMMITTED TO RULESMinor
Jan 12
Vote recorded Rules Vote. Result: pass.Upper
Jan 7REFERRED TO ENERGY AND TELECOMMUNICATIONSMinor
Jan 7RETURNED TO SENATE
Jan 7DIED IN ASSEMBLY
2025
Jan 27REFERRED TO ENERGYMinor
Vote recorded Floor Vote. Result: pass.Upper
Vote recorded Rules Vote. Result: pass.Upper
Jan 27DELIVERED TO ASSEMBLY
Jan 27PASSED SENATEPassed 1st Chamber
Jan 27ORDERED TO THIRD READING CAL.147
Jan 21REPORTED AND COMMITTED TO RULESMinor
Vote recorded Energy And Telecommunications Vote. Result: pass.Upper
Jan 14REFERRED TO ENERGY AND TELECOMMUNICATIONSIntroduced