CA AB 2710
in committeePublic utilities: electrical and gas corporations: financial distress: reporting.
California · 2025-2026 Regular Session · lower
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Quick answers
Did CA AB 2710 pass?
Not yet. CA AB 2710 is in committee and has not come to a final vote. Latest recorded action (2026-05-14): In committee: Held under submission.
What is CA AB 2710 about?
Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations and gas corporations. This bill would require an electrical corporation or gas corporation to submit a financial condition report to the Legislature, as provided, if the corporation's credit rating reaches a near-distress rating level, as defined, or if the commission issues a cost-of-capital decision, as defined, affecting the corporation. The bill would specify information required to be included in the report, including information determined by the commission to be relevant to the Legislature's understanding of the corporation's financial condition. Under existing law, a violation of the Public Utilities Act or an order, decision, rule, direction, demand, or requirement of the commission is a crime. Because the above provisions would be part of the act and a violation of a commission action implementing the bill's requirements would be a crime, this bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.
Who sponsors CA AB 2710?
Bauer-Kahan is the primary sponsor of CA AB 2710.
Description
Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations and gas corporations. This bill would require an electrical corporation or gas corporation to submit a financial condition report to the Legislature, as provided, if the corporation's credit rating reaches a near-distress rating level, as defined, or if the commission issues a cost-of-capital decision, as defined, affecting the corporation. The bill would specify information required to be included in the report, including information determined by the commission to be relevant to the Legislature's understanding of the corporation's financial condition. Under existing law, a violation of the Public Utilities Act or an order, decision, rule, direction, demand, or requirement of the commission is a crime. Because the above provisions would be part of the act and a violation of a commission action implementing the bill's requirements would be a crime, this bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.
- Introduced
- 2026-03-19
- Latest action
- 2026-05-14 — In committee: Held under submission.
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- Bauer-Kahanauthor
Committees
Not provided by source.
Action timeline
Newest first
2026-05-14
Joint Rule 62(a), file notice suspended. (Page 5030.)
2026-05-14
In committee: Held under submission.
2026-05-13
In committee: Set, first hearing. Referred to APPR. suspense file.
referral-committee
2026-04-23
From committee: Do pass and re-refer to Com. on APPR. (Ayes 13. Noes 3.) (April 22). Re-referred to Com. on APPR.
committee-passage,committee-passage-favorable,referral-committee
2026-04-20
Re-referred to Com. on U. & E.
referral-committee
2026-04-16
From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended.
amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2026-03-23
Re-referred to Com. on U. & E.
referral-committee
2026-03-19
From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended.
amendment-introduction,amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2026-03-19
Referred to Com. on U. & E.
referral-committee
2026-02-21
From printer. May be heard in committee March 23.
2026-02-20
Read first time. To print.
reading-1
Versions
Documents
- application/pdf
- application/pdf
- application/pdf
- text/html
- application/pdf(no extracted text yet)
- application/pdf(no extracted text yet)
Votes
Do pass and be re-referred to the Committee on [Appropriations]
2026-04-22 · pass · 13-3
Member-level votes (18)
- Boerner: yes
- Kalra: yes
- Calderon: yes
- Irwin: yes
- Hart: yes
- Schiavo: yes
- Papan: yes
- Rogers: yes
- Zbur: yes
- Schultz: yes
- Harabedian: yes
- Mark González: yes
- Petrie-Norris: yes
- Davies: no
- Patterson: no
- Chen: no
- Ta: other
- Wallis: other
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T01:34:27.960412Z
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