Natural Gas Ratepayer Protection Act.

Summary

The bill adds new rules to the Public Utilities Code that force gas utilities to show any large ($10 million or more) distribution projects meet the state’s climate goals and consider cheaper electrification or non‑pipeline options. Utilities must report annually on spending, project status, and stranded‑asset risk, and the CPUC must evaluate depreciation methods to limit future ratepayer costs. The aim is to shift the financial risk of declining gas demand from customers to utility shareholders while supporting California’s greenhouse‑gas reduction targets.

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

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