BILL ANALYSIS                                                                                                                                                                                                    



          SENATE COMMITTEE ON APPROPRIATIONS
                             Senator Ricardo Lara, Chair
                            2015 - 2016  Regular  Session

          AB 895 (Rendon) - Utility rate refunds: energy crisis  
          litigation.
          
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          |Version: February 26, 2015      |Policy Vote: E., U., & C. 10 -  |
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          |Urgency: No                     |Mandate: No                     |
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          |Hearing Date: August 27, 2015   |Consultant: Marie Liu           |
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          *********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
             The following information is revised to reflect amendments 
                     adopted by the committee on August 27, 2015


          Bill  
          Summary:  AB 895 would require that proceeds of any claims  
          arising out of the energy crisis of 2000-02 recovered by the  
          California Public Utilities Commission (CPUC), less its  
          litigation and investigation costs, be monetary and deposited  
          into the Ratepayer Relief Fund, where it would be required to be  
          used to lower rates for customers.


          Fiscal  
          Impact:  Increased revenues, potentially in the billions of  
          dollars, to the Ratepayer Relief Fund (special).

          Author  
          Amendments:  
           Require that all settlements entered into by the Attorney  







          AB 895 (Rendon)                                        Page 1 of  
          ?
          
          
            General or the CPUC be monetary
           Limit the restrictions on the distribution and expending of  
            proceeds to claims recovered by the CPUC.
           Restrict the use of the Ratepayer Relief Fund to reducing  
            rates for customers or to reduce debt service on bonds.
           Allow the CPUC to recover its litigation and investigation  
            costs.


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