BILL ANALYSIS SB 85 X2 Page 1 Date of Hearing: September 6, 2001 ASSEMBLY COMMITTEE ON APPROPRIATIONS Carole Migden, Chairwoman SB 85 X2 (Burton) - As Amended: August 28, 2001 Policy Committee: E.C.&A.Vote:16-0 Urgency: No State Mandated Local Program: No Reimbursable: SUMMARY This bill prohibits the Public Utilities Commission (PUC) from raising electrical rates up to or above levels in effect prior to imposition of the 10% rate reduction-which extends until March 1, 2002 for residential and small commercial customers solely for purposes of restoring rates to their previous level. FISCAL EFFECT Absorbable costs to the PUC. COMMENTS Background and Purpose . In 1998, when electrical restructuring opened up the market to direct access, a rate reduction was put into place for residential and small commercial customers of electrical corporations in California. The reductions were to remain in effect until March 1, 2002. Subsequently, for reasons unrelated to recovery of uneconomic costs associated with competition, the PUC has ordered various rate increases for all classes of customers to allow electrical corporations to recover costs of operation. This measure provides that when the 10% rate reduction ends on March 1, 2002, that CPUC cannot order rates to go back up to or to exceed the levels they were at prior to issuance of the reduction in 1998 solely for the purpose of restoring rates to their previous levels. Nothing in this bill precludes CPUC from raising residential and small commercial customer rates for other reasons related to cost recovery and revenue requirement needs. SB 85 X2 Page 2 Analysis Prepared by : Chuck Nicol / APPR. / (916)319-2081