Enrolled and presented to the Governor at 4 p.m.
Summary
The bill tells the Public Utilities Commission to approve any gas‑distribution investment over $10 million only if it meets California’s greenhouse‑gas reduction targets and shows that electrification or other non‑pipeline options are not practical. It also forces gas utilities to file yearly reports on infrastructure spending and to use depreciation methods that limit future ratepayer exposure to unused assets. The aim is to guide the shift away from natural gas while keeping energy costs fair for consumers.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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