Public Utilities Commission: electrical corporations: wildfire victim restitution shortfalls: report: restitution mechanisms.
Chaptered by Secretary of State - Chapter 959, Statutes of 2026.
Summary
The bill orders California’s Public Utilities Commission to issue a report recommending how to lower electricity rates by at least 30% by Jan 1 2028. It also mandates an assessment of unpaid restitution owed to victims of utility‑caused wildfires that occurred before July 12 2019, and to suggest ways utilities can pay those losses without raising rates. The aim is to make power cheaper for consumers while ensuring wildfire victims are fairly compensated.
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