BILL ANALYSIS
AB 1889
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CONCURRENCE IN SENATE AMENDMENTS
AB 1889 (Chu)
As Amended July 2, 2004
Majority vote
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|ASSEMBLY: |72-0 |(April 29 2004) |SENATE: |37-0 |(August 10, |
| | | | | |2004) |
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Original Committee Reference: U.& C.
SUMMARY : Deletes obsolete code sections in the California
Public Utilities Code that pertain to the bankrupted Power
Exchange (PX) [PUC Sections 216, 330, 331, 335, 339, 340, 341.2,
341.5, 359, 361, 365, 367, 373, 376, and 390].
The Senate amendments delete additional statutes related to PX
that are no longer relevant since it ceased its market functions
pursuant to an order by the Federal Energy Regulatory Agency
(FERC) in 2001 and subsequently declared bankruptcy.
AS PASSED BY THE ASSEMBLY , this bill deleted the requirement
that the California Public Utilities Commission (PUC) establish
a PX credit that is calculated according to actual hourly data
for customers with time-of-use (TOU) meters and provisions for
customers to make a one time choice to have their PX credit
calculated according to hourly data or the average load profile
for their customer class.
FISCAL EFFECT : Minor absorbable costs.
COMMENTS : The purpose of this bill is deleting various
provisions of statute pertaining to the creation, duties, and
regulatory oversight of PX. While PX functioned as an important
entity after the passage of AB 1890 (Brulte), Chapter 854,
Statutes of 1996, it has ceased its essential market functions
in 2001 pursuant to an order by FERC and declared bankruptcy
shortly thereafter. While PX is still in the latter states of
winding up its affairs, it is no longer operating as an
electricity trading venue.
Analysis Prepared by : Daniel Kim / U. & C. / (916) 319-2083
AB 1889
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FN: 0007529