This audio is auto-generated. Please let us know if you have feedback.
Dive Brief:
The California Public Utilities Commission opened a proceeding Sept. 3 to consider an update to its process for energy utilities filing general rate cases, with the stated goal of increasing transparency and accountability around utility rates with an eye toward customer affordability.
CPUC’s rate case plan “has not been comprehensively updated or considered since 2007,” the commission said in its order. Commission President John Reynolds said the proceeding will give the commission the opportunity to implement several new state laws, including AB2666, which passed in 2024 and requires “utilities to report and track their actual rates of return against their forecasted rates of return.”
Energy and regulatory analyst Michael Cade told Utility Dive that the general rate case proceeding “could be a pretty significant rulemaking, but I think that, similar to relying on rate design as an affordability panacea, tweaking the framework of GRCs can only do so much.”
