CA SB 1098
enactedPublic Utilities Commission: memorandum and balancing accounts.
California · 2025-2026 Regular Session · upper
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Quick answers
Did CA SB 1098 pass?
Yes. CA SB 1098 has been enacted into law. Latest recorded action (2026-09-30): Chaptered by Secretary of State. Chapter 1008, Statutes of 2026.
What is CA SB 1098 about?
Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations and gas corporations. Existing law authorizes the commission to fix the rates and charges for every public utility and requires that those rates and charges be just and reasonable. Existing law requires the commission, whenever the commission authorizes a change in rates reflecting and passing through to customers specific changes in costs, to require a public utility to establish and maintain a balancing account to reflect the balance between the related costs and revenues. Existing law further directs the commission to authorize public utilities to establish catastrophic event memorandum accounts, as provided. Existing law authorizes each electrical corporation to establish a memorandum account to track costs incurred for wildfire risk mitigation that are unforeseen and incremental to the wildfire risk mitigation programs and activities authorized in the electrical corporation's revenue requirements, as specified. This bill would provide that it is the policy of the state that the regularly scheduled general rate case process is the preferred and primary method of establishing authorized revenue requirements for electrical corporations and gas corporations. The bill would require the commission, in exercising its ratemaking authority, to apply specified principles and requirements, including a requirement that memorandum accounts and balancing accounts, as defined, be authorized and maintained only when necessary to address costs that cannot reasonably be anticipated in the general rate case process, as provided. The bill would require each memorandum account or balancing account authorized by statute, or by the commission, before January 1, 2027, to be included and reviewed in the subsequent general rate case proceeding cycle or at a similar cyclical review interval to the general rate case proceeding, as provided. The bill would require the commission, as part of its review, to close any memorandum account or balancing account if the commission determines that the account is no longer necessary, as specified. The bill would authorize the commission to establish exceptions to those principles and requirements for categories of costs not reviewed pursuant to that requirement, as provided. The bill would require the commission to prepare a report to post on its public website about the process and outcome of the review of each utility's memorandum accounts and balancing accounts. The bill would further require that the ratemaking treatment of memorandum accounts or balancing accounts that are in effect on January 1, 2027, remain unchanged until the commission reviews the account pursuant to that requirement. Under existing law, a violation of the Public Utilities Act or any order, decision, rule, direction, demand, or requirement of the commission is a crime. Because the above requirements would be a part of the act, and a violation of a commission action implementing those 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 SB 1098?
Pérez is the primary sponsor of CA SB 1098, joined by 3 cosponsors.
Description
Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations and gas corporations. Existing law authorizes the commission to fix the rates and charges for every public utility and requires that those rates and charges be just and reasonable. Existing law requires the commission, whenever the commission authorizes a change in rates reflecting and passing through to customers specific changes in costs, to require a public utility to establish and maintain a balancing account to reflect the balance between the related costs and revenues. Existing law further directs the commission to authorize public utilities to establish catastrophic event memorandum accounts, as provided. Existing law authorizes each electrical corporation to establish a memorandum account to track costs incurred for wildfire risk mitigation that are unforeseen and incremental to the wildfire risk mitigation programs and activities authorized in the electrical corporation's revenue requirements, as specified. This bill would provide that it is the policy of the state that the regularly scheduled general rate case process is the preferred and primary method of establishing authorized revenue requirements for electrical corporations and gas corporations. The bill would require the commission, in exercising its ratemaking authority, to apply specified principles and requirements, including a requirement that memorandum accounts and balancing accounts, as defined, be authorized and maintained only when necessary to address costs that cannot reasonably be anticipated in the general rate case process, as provided. The bill would require each memorandum account or balancing account authorized by statute, or by the commission, before January 1, 2027, to be included and reviewed in the subsequent general rate case proceeding cycle or at a similar cyclical review interval to the general rate case proceeding, as provided. The bill would require the commission, as part of its review, to close any memorandum account or balancing account if the commission determines that the account is no longer necessary, as specified. The bill would authorize the commission to establish exceptions to those principles and requirements for categories of costs not reviewed pursuant to that requirement, as provided. The bill would require the commission to prepare a report to post on its public website about the process and outcome of the review of each utility's memorandum accounts and balancing accounts. The bill would further require that the ratemaking treatment of memorandum accounts or balancing accounts that are in effect on January 1, 2027, remain unchanged until the commission reviews the account pursuant to that requirement. Under existing law, a violation of the Public Utilities Act or any order, decision, rule, direction, demand, or requirement of the commission is a crime. Because the above requirements would be a part of the act, and a violation of a commission action implementing those 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
- 2026-02-13
- Latest action
- 2026-09-30 — Chaptered by Secretary of State. Chapter 1008, Statutes of 2026.
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- Pérezauthor
- Boernercoauthor
- Connollycoauthor
- Harabediancoauthor
Committees
Not provided by source.
Action timeline
Newest first
2026-09-30
Chaptered by Secretary of State. Chapter 1008, Statutes of 2026.
became-law
2026-09-30
Approved by the Governor.
executive-signature
2026-09-09
Enrolled and presented to the Governor at 2 p.m.
executive-receipt
2026-08-31
Read third time. Passed. Ordered to the Senate.
passage,reading-1,reading-3
2026-08-31
In Senate. Concurrence in Assembly amendments pending.
2026-08-31
Unanimous consent granted to take up without reference to file.
2026-08-31
Assembly amendments concurred in. (Ayes 30. Noes 10.) Ordered to engrossing and enrolling.
amendment-passage,committee-passage,committee-passage-favorable
2026-08-31
Read third time. Passed. (Ayes 50. Noes 15. Page 7071.) Ordered to the Senate.
passage,reading-1,reading-3
2026-08-28
Ordered to third reading.
reading-1,reading-3
2026-08-28
Joint Rule 61(b)(16) suspended.
2026-08-28
Read third time and amended.
amendment-passage,reading-1,reading-3
2026-08-28
Joint Rule 61(b)(16) suspended. (Ayes 57. Noes 1. Page 6819.)
2026-08-20
Ordered to third reading.
reading-1,reading-3
2026-08-20
Read third time and amended.
amendment-passage,reading-1,reading-3
2026-08-13
Assembly Rule 63 suspended.
2026-08-13
Read second time. Ordered to third reading.
reading-1,reading-2,reading-3
2026-08-13
From committee: Do pass. (Ayes 11. Noes 3.) (August 13).
committee-passage,committee-passage-favorable
2026-08-05
August 5 set for first hearing. Placed on suspense file.
2026-06-29
Read second time and amended. Re-referred to Com. on APPR.
amendment-passage,reading-1,reading-2,referral-committee
2026-06-25
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 11. Noes 3.) (June 24).
amendment-passage,committee-passage,committee-passage-favorable,referral-committee
2026-06-04
Referred to Com. on U. & E.
referral-committee
2026-05-27
In Assembly. Read first time. Held at Desk.
reading-1
2026-05-27
Read third time. Passed. (Ayes 30. Noes 9. Page 4485.) Ordered to the Assembly.
passage,reading-1,reading-3
2026-05-14
From committee: Do pass. (Ayes 5. Noes 2. Page 4264.) (May 14).
committee-passage,committee-passage-favorable
2026-05-14
Read second time. Ordered to third reading.
reading-1,reading-2,reading-3
2026-05-08
Set for hearing May 14.
2026-05-04
May 4 hearing: Placed on APPR. suspense file.
2026-04-24
Set for hearing May 4.
2026-04-22
From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 3. Page 3973.) (April 21). Re-referred to Com. on APPR.
committee-passage,committee-passage-favorable,referral-committee
2026-04-16
Set for hearing April 21.
2026-04-08
Re-referred to Com. on E., U & C.
referral-committee
2026-03-24
From committee with author's amendments. Read second time and amended. Re-referred to Com. on RLS.
amendment-passage,committee-passage,reading-1,reading-2,referral-committee
2026-02-26
Referred to Com. on RLS.
referral-committee
2026-02-17
From printer. May be acted upon on or after March 16.
2026-02-13
Introduced. Read first time. To Com. on RLS. for assignment. To print.
introduction,reading-1,referral-committee
Versions
- 02/13/26 - Introduced — 2026-02-13Compare
- 03/24/26 - Amended Senate — 2026-03-24Compare
- 06/29/26 - Amended Assembly — 2026-06-29Compare
- 08/20/26 - Amended Assembly — 2026-08-20Compare
- 08/28/26 - Amended Assembly — 2026-08-28Compare
- 09/04/26 - Enrolled — 2026-09-04Compare
- 09/30/26 - Chaptered — 2026-09-30Compare
- (document, no version)Compare
- SB1098Compare
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Votes
Do pass, but first be re-referred to the Committee on [Appropriations]
2026-04-21 · pass · 12-3
Member-level votes (17)
- Caballero: yes
- Becker: yes
- Allen: yes
- Hurtado: yes
- Gonzalez: yes
- McNerney: yes
- Reyes: yes
- Wahab: yes
- Stern: yes
- Arreguín: yes
- Archuleta: yes
- Richardson: yes
- Dahle: no
- Strickland: no
- Ochoa Bogh: no
- Grove: other
- Rubio: other
Placed on suspense file
2026-05-04 · pass · 7-0
Member-level votes (7)
- Dahle: yes
- Cervantes: yes
- Wahab: yes
- Richardson: yes
- Seyarto: yes
- Cabaldon: yes
- Grayson: yes
Do pass
2026-05-14 · pass · 5-2
Member-level votes (7)
- Wahab: yes
- Cervantes: yes
- Cabaldon: yes
- Richardson: yes
- Grayson: yes
- Dahle: no
- Seyarto: no
3rd Reading
2026-05-27 · pass · 30-9
Member-level votes (40)
- Grayson: yes
- Hurtado: yes
- Limón: yes
- Wahab: yes
- Cortese: yes
- Blakespear: yes
- Cervantes: yes
- Durazo: yes
- Smallwood-Cuevas: yes
- Reyes: yes
- Cabaldon: yes
- Wiener: yes
- Padilla: yes
- Stern: yes
- Caballero: yes
- Umberg: yes
- Archuleta: yes
- Gonzalez: yes
- McGuire: yes
- Pérez: yes
- McNerney: yes
- Becker: yes
- Weber Pierson: yes
- Richardson: yes
- Arreguín: yes
- Ashby: yes
- Laird: yes
- Menjivar: yes
- Rubio: yes
- Allen: yes
- Ochoa Bogh: no
- Niello: no
- Valladares: no
- Strickland: no
- Choi: no
- Alvarado-Gil: no
- Grove: no
- Seyarto: no
- Jones: no
- Dahle: other
Do pass as amended and be re-referred to the Committee on [Appropriations]
2026-06-24 · pass · 11-3
Member-level votes (18)
- Schiavo: yes
- Papan: yes
- Harabedian: yes
- Rogers: yes
- Petrie-Norris: yes
- Schultz: yes
- Boerner: yes
- Mark González: yes
- Irwin: yes
- Hart: yes
- Kalra: yes
- Patterson: no
- Calderon: no
- Davies: no
- Chen: other
- Wallis: other
- Zbur: other
- Ta: other
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_api_sync, retrieved 2026-10-02T06:33:45.129474Z
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