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Enron Mail |
Summary of Davis/Alpert bill AB 260
Retro-active to June 1, 2000 through December 31, 2002, 6.5 cent/kWh cap on the energy component for residential and small commercial customers (under 100 kW). The Commission has the ability to extend through 2003. The Commission also has the ability to adjust the cap. Commission can use revenues from utility-owned assets, refunds from FERC to offset the undercollections. (In addition, a companion bill was passed that provides $150 million of general fund money to offset undercollections.) Large commercial/industrial/agricultural customers have an opportunity to "opt-in" to the 6.5 cent/kWh cap with an annual true-up. SDG&E will under a prudence review by the CPUC, which may be another source of funds to offset the undercollection. Specific classes subject to cap: Schedule A, all acute care hospitals, all public and private k-12 schools, all accounts on AL-TOU under 100 kW. Attached a link to the bill http://www.leginfo.ca.gov/pub/bill/asm/ab_0251-0300/ab_265_bill_20000830_enrol led.pdf Summary of the rate payer relief bill AB 1156 which would Transfer of $150,000,000 from the general fund to a subaccount within the Special Fund for Economic Uncertainties. Appropriate those funds from the subaccount, to the commission, to reduce the adverse impact of high-cost wholesale energy purchases on certain ratepayers if a specified rate ceiling is in effect, and if the commission determines that a specified revenue shortfall would result in a ratepayer surcharge greater than 10%, and the electricity rates were directly linked to Power Exchange costs. Declare that, on January 1, 2004, any remaining balance in the account would revert to the General Fund. Become operative only if AB 265 is enacted, as specified. Take effect immediately as an urgency statute. Attached a link to the bill http://www.leginfo.ca.gov/pub/bill/asm/ab_1151-1200/ab_1156_bill_20000830_enro lled.pdf AB 970 Siting Bill. AB 970 passed last night. The final version has not been published yet. The final version should only have an additional amendment relating to a Calpine facility in San Jose for which expeditious treatment has not been granted. We will produce a summary once the enrolled version is available, which should be today or Tuesday at the latest. Bellow is the previous amended version of the Sitting Bill. Attached a link to bill as amended on 8/7/00 http://www.leginfo.ca.gov/pub/bill/asm/ab_0951-1000/ab_970_bill_20000807_amend ed_sen.pdf.pdf
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