Public utilities: electrical and gas corporations: financial distress: reporting.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill adds Section 720 to the Public Utilities Code, limiting public assistance to electric and gas utilities that are in financial distress. Utilities can only get aid if they agree to shareholder equity contributions, governance reforms, compensation caps, safety oversight, and other safeguards, and they must file quarterly and quarterly‑condition reports. The goal is to protect ratepayers and ensure transparency before the state steps in to support a struggling utility.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Do pass and re-refer to Com. on APPR. (Ayes 13. Noes 3.) (April 22). Re-referred to Com. on APPR. · Apr 23, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · May 13, 2026
• Utilities and Energy Committee Hearing
  Utilities and Energy · Apr 22, 2026

History

1. May 14, 2026Joint Rule 62(a), file notice suspended. (Page 5030.)
2. May 14, 2026In committee: Held under submission.
3. May 13, 2026In committee: Set, first hearing. Referred to APPR. suspense file.
4. Apr 23, 2026From committee: Do pass and re-refer to Com. on APPR. (Ayes 13. Noes 3.) (April 22). Re-referred to Com. on APPR.
5. Apr 20, 2026Re-referred to Com. on U. & E.
6. Apr 16, 2026From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended.
7. Mar 23, 2026Re-referred to Com. on U. & E.
8. Mar 19, 2026Referred to Com. on U. & E.
9. Mar 19, 2026From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended.
10. Feb 21, 2026From printer. May be heard in committee March 23.
11. Feb 20, 2026Read first time. To print.

Sponsors

• Rebecca Bauer-Kahan (D) · sponsor
• Bauer-Kahan

Bill text

Opens the legislature’s own copy.

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