Electrical corporations: financing orders.
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AB 3263 — Electrical corporations: financing orders.
Last action — Vetoed by Governor.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed Assembly
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✓Passed Senate
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5To Executive
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6Enacted
This bill died with 2023-2024 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Vetoed by Governor Gavin Newsom (Democratic) on September 25, 2024.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Existing law authorizes the Public Utilities Commission to fix the rates and charges for every public utility, and requires that those rates and charges be just and reasonable. Existing law authorizes an electrical corporation to file an application requesting the commission to issue a financing order to authorize the recovery of costs and expenses related to a catastrophic wildfire, including fire risk mitigation capital expenditures, through the issuance of bonds by the electrical corporation that are secured by a rate component, as provided. This bill would, in addition to expenses related to catastrophic wildfires, authorize the use of a financing order to recover the costs of wildfire mitigation efforts, operational and maintenance expenses related to an electrical corporation's wildfire mitigation plan, wildfire risk mitigation costs, vegetation management costs and expenses, or to recover an electrical corporation's costs related to any federal or state declaration of a state of emergency. The bill would authorize an application for vegetation management expenses submitted by a large electrical corporation, as defined, to include the issuance of recovery bonds for vegetation management expenses, including where bond proceeds are refunded to customers, in an amount not to exceed a specified amount with an average repayment period not to exceed 15 years.
Bill Text
- Enrolled 09/05/24 - Enrolled Current pdf September 05, 2024
- Amended 07/03/24 - Amended Senate pdf July 03, 2024
- Amended 06/20/24 - Amended Senate pdf June 20, 2024
- Amended 05/16/24 - Amended Assembly pdf May 16, 2024
- Amended 03/18/24 - Amended Assembly pdf March 18, 2024
- Introduced 02/16/24 - Introduced pdf February 16, 2024
- AB3263 View text html
Action History
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Vetoed by Governor.
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Enrolled and presented to the Governor at 3:30 p.m.
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Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 62. Noes 0.).
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In Assembly. Concurrence in Senate amendments pending.
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Read third time. Passed. Ordered to the Assembly. (Ayes 31. Noes 6.).
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Read second time. Ordered to third reading.
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From committee: Do pass. (Ayes 5. Noes 1.) (August 15).
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In committee: Referred to suspense file.
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Read second time and amended. Re-referred to Com. on APPR.
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From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 15. Noes 1.) (July 2).
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From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on E., U. & C.
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Referred to Com. on E., U. & C.
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In Senate. Read first time. To Com. on RLS. for assignment.
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Read third time. Passed. Ordered to the Senate. (Ayes 58. Noes 0. Page 5643.)
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Read second time. Ordered to third reading.
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Read second time and amended. Ordered returned to second reading.
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From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (May 16).
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Joint Rule 62(a), file notice suspended. (Page 5215.)
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Assembly Rule 63 suspended.
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In committee: Set, first hearing. Referred to APPR. suspense file.
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From committee: Do pass and re-refer to Com. on APPR. (Ayes 12. Noes 0.) (April 24). Re-referred to Com. on APPR.
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Re-referred to Com. on U. & E.
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From committee chair, with author's amendments: Amend, and re-refer to Com. on U. & E. Read second time and amended.
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Referred to Com. on U. & E.
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From printer. May be heard in committee March 18.
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Read first time. To print.
Sponsors
- Lisa Calderon · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 121 not signed on · 5 voted No
Sponsors (1)
- Calderon, Lisa Democratic
Co-sponsors (0)
None.
Not signed on (121)
121 members have not signed on to this bill.
Show all 121 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 40 | 0 | 0 | 7 |
| Unaffiliated | 17 | 0 | 0 | 2 |
| Republican | 5 | 0 | 0 | 8 |
| Total | 62 | 0 | 0 | 17 |
| % of votes cast | 78% | 0% | 0% | 22% |
How each member voted (79)
| Member | Party | Vote |
|---|---|---|
| Holden | — | Yea |
| Mathis | — | Yea |
| Maienschein | — | Yea |
| Rodriguez | — | Yea |
| Villapudua | — | Yea |
| Ting | — | Yea |
| Jones-Sawyer | — | Yea |
| McCarty | — | Yea |
| Rendon | — | Yea |
| Friedman | — | Yea |
| Low | — | Yea |
| Wood | — | Yea |
| Waldron | — | Yea |
| Santiago | — | Yea |
| Essayli | — | Not Voting |
| Eduardo Garcia | — | Yea |
| Jim Patterson | — | Not Voting |
| Luz Rivas | — | Yea |
| Wendy Carrillo | — | Yea |
| Addis, Dawn | Democratic | Not Voting |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Alvarez, David | Democratic | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Bains, Jasmeet | Democratic | Yea |
| Bauer-Kahan, Rebecca | Democratic | Yea |
| Bennett, Steve | Democratic | Yea |
| Berman, Marc | Democratic | Yea |
| Boerner, Tasha | Democratic | Yea |
| Bonta, Mia | Democratic | Yea |
| Bryan, Isaac G. | Democratic | Yea |
| Calderon, Lisa | Democratic | Not Voting |
| Carrillo, Juan | Democratic | Yea |
| Cervantes, Sabrina | Democratic | Yea |
| Connolly, Damon | Democratic | Yea |
| Fong, Mike | Democratic | Yea |
| Gabriel, Jesse | Democratic | Yea |
| Gipson, Mike A. | Democratic | Yea |
| Grayson, Timothy S. | Democratic | Yea |
| Haney, Matt | Democratic | Yea |
| Hart, Gregg | Democratic | Yea |
| Irwin, Jacqui | Democratic | Not Voting |
| Jackson, Corey A. | Democratic | Yea |
| Kalra, Ash | Democratic | Not Voting |
| Lee, Alex | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| McKinnor, Tina | Democratic | Yea |
| Muratsuchi, Al | Democratic | Yea |
| Nguyen, Stephanie | Democratic | Yea |
| Ortega, Liz | Democratic | Not Voting |
| Pacheco, Blanca | Democratic | Yea |
| Papan, Diane | Democratic | Yea |
| Pellerin, Gail | Democratic | Yea |
| Petrie-Norris, Cottie | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Ramos, James C. | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Rubio, Blanca E. | Democratic | Yea |
| Schiavo, Pilar | Democratic | Yea |
| Soria, Esmeralda | Democratic | Yea |
| Valencia, Avelino | Democratic | Yea |
| Ward, Christopher M. | Democratic | Not Voting |
| Weber Pierson, M.D., Akilah | Democratic | Yea |
| Wicks, Buffy | Democratic | Yea |
| Wilson, Lori D. | Democratic | Not Voting |
| Zbur, Rick Chavez | Democratic | Yea |
| Alanis, Juan | Republican | Yea |
| Chen, Phillip | Republican | Yea |
| Dahle, Megan | Republican | Yea |
| Davies, Laurie | Republican | Not Voting |
| Dixon, Diane | Republican | Not Voting |
| Flora, Heath | Republican | Not Voting |
| Gallagher, James | Republican | Not Voting |
| Hoover, Josh | Republican | Not Voting |
| Lackey, Tom | Republican | Not Voting |
| Patterson, Joe | Republican | Yea |
| Sanchez, Kate | Republican | Not Voting |
| Ta, Tri | Republican | Not Voting |
| Wallis, Greg | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 10 | 1 | 0 | 0 |
| Democratic | 18 | 2 | 0 | 2 |
| Republican | 3 | 3 | 0 | 1 |
| Total | 31 | 6 | 0 | 3 |
| % of votes cast | 78% | 15% | 0% | 8% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Roth | — | Yea |
| Atkins | — | Yea |
| Portantino | — | Yea |
| Newman | — | Yea |
| Wilk | — | Yea |
| Eggman | — | Yea |
| Glazer | — | Yea |
| Dodd | — | Yea |
| Bradford | — | Yea |
| Skinner | — | Yea |
| Min | — | Nay |
| Allen, Benjamin | Democratic | Not Voting |
| Archuleta, Bob | Democratic | Yea |
| Ashby, Angelique V. | Democratic | Yea |
| Becker, Josh | Democratic | Not Voting |
| Blakespear, Catherine S. | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Cortese, Dave | Democratic | Yea |
| Durazo, Maria Elena | Democratic | Yea |
| Gonzalez, Lena A. | Democratic | Yea |
| Hurtado, Melissa | Democratic | Yea |
| Laird, John | Democratic | Yea |
| Limón, Monique | Democratic | Yea |
| McGuire, Mike | Democratic | Yea |
| Menjivar, Caroline | Democratic | Yea |
| Nguyen, Stephanie | Democratic | Nay |
| Padilla, Stephen C. | Democratic | Yea |
| Rubio, Susan | Democratic | Yea |
| Smallwood-Cuevas, Lola | Democratic | Yea |
| Stern, Henry I. | Democratic | Yea |
| Umberg, Thomas J. | Democratic | Yea |
| Wahab, Aisha | Democratic | Yea |
| Wiener, Scott D. | Democratic | Nay |
| Alvarado-Gil, Marie | Republican | Yea |
| Dahle, Megan | Republican | Yea |
| Grove, Shannon | Republican | Yea |
| Jones, Brian W. | Republican | Nay |
| Niello, Roger W. | Republican | Nay |
| Ochoa Bogh, Rosilicie | Republican | Not Voting |
| Seyarto, Kelly | Republican | Nay |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 4 | 0 | 0 | 0 |
| Unaffiliated | 1 | 0 | 0 | 0 |
| Republican | 0 | 1 | 0 | 1 |
| Total | 5 | 1 | 0 | 1 |
| % of votes cast | 71% | 14% | 0% | 14% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Bradford | — | Yea |
| Ashby, Angelique V. | Democratic | Yea |
| Becker, Josh | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Wahab, Aisha | Democratic | Yea |
| Jones, Brian W. | Republican | Nay |
| Seyarto, Kelly | Republican | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Republican | 2 | 0 | 0 | 0 |
| Democratic | 4 | 0 | 0 | 0 |
| Unaffiliated | 1 | 0 | 0 | 0 |
| Total | 7 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (7)
| Member | Party | Vote |
|---|---|---|
| Bradford | — | Yea |
| Ashby, Angelique V. | Democratic | Yea |
| Becker, Josh | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Wahab, Aisha | Democratic | Yea |
| Jones, Brian W. | Republican | Yea |
| Seyarto, Kelly | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 8 | 0 | 0 | 0 |
| Unaffiliated | 5 | 1 | 0 | 1 |
| Republican | 2 | 0 | 0 | 1 |
| Total | 15 | 1 | 0 | 2 |
| % of votes cast | 83% | 6% | 0% | 11% |
How each member voted (18)
| Member | Party | Vote |
|---|---|---|
| Wilk | — | Yea |
| Eggman | — | Yea |
| Bradford | — | Yea |
| Dodd | — | Yea |
| Newman | — | Yea |
| Min | — | Nay |
| Skinner | — | Not Voting |
| Ashby, Angelique V. | Democratic | Yea |
| Becker, Josh | Democratic | Yea |
| Caballero, Anna M. | Democratic | Yea |
| Durazo, Maria Elena | Democratic | Yea |
| Gonzalez, Lena A. | Democratic | Yea |
| Limón, Monique | Democratic | Yea |
| Rubio, Susan | Democratic | Yea |
| Stern, Henry I. | Democratic | Yea |
| Dahle, Megan | Republican | Yea |
| Grove, Shannon | Republican | Yea |
| Seyarto, Kelly | Republican | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 39 | 0 | 0 | 8 |
| Republican | 5 | 0 | 0 | 8 |
| Unaffiliated | 14 | 0 | 0 | 6 |
| Total | 58 | 0 | 0 | 22 |
| % of votes cast | 73% | 0% | 0% | 28% |
How each member voted (80)
| Member | Party | Vote |
|---|---|---|
| Maienschein | — | Yea |
| Rodriguez | — | Yea |
| Villapudua | — | Yea |
| Ting | — | Yea |
| Jones-Sawyer | — | Yea |
| McCarty | — | Yea |
| Rendon | — | Yea |
| Friedman | — | Yea |
| Wood | — | Yea |
| Low | — | Yea |
| Santiago | — | Yea |
| Holden | — | Not Voting |
| Mathis | — | Not Voting |
| Essayli | — | Not Voting |
| Waldron | — | Not Voting |
| Eduardo Garcia | — | Yea |
| Jim Patterson | — | Not Voting |
| Luz Rivas | — | Not Voting |
| Vince Fong | — | Yea |
| Wendy Carrillo | — | Yea |
| Addis, Dawn | Democratic | Yea |
| Aguiar-Curry, Cecilia M. | Democratic | Yea |
| Alvarez, David | Democratic | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Bains, Jasmeet | Democratic | Not Voting |
| Bauer-Kahan, Rebecca | Democratic | Yea |
| Bennett, Steve | Democratic | Yea |
| Berman, Marc | Democratic | Yea |
| Boerner, Tasha | Democratic | Yea |
| Bonta, Mia | Democratic | Yea |
| Bryan, Isaac G. | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Carrillo, Juan | Democratic | Yea |
| Cervantes, Sabrina | Democratic | Not Voting |
| Connolly, Damon | Democratic | Yea |
| Fong, Mike | Democratic | Yea |
| Gabriel, Jesse | Democratic | Yea |
| Gipson, Mike A. | Democratic | Yea |
| Grayson, Timothy S. | Democratic | Yea |
| Haney, Matt | Democratic | Yea |
| Hart, Gregg | Democratic | Yea |
| Irwin, Jacqui | Democratic | Not Voting |
| Jackson, Corey A. | Democratic | Yea |
| Kalra, Ash | Democratic | Yea |
| Lee, Alex | Democratic | Yea |
| Lowenthal, Josh | Democratic | Yea |
| McKinnor, Tina | Democratic | Yea |
| Muratsuchi, Al | Democratic | Yea |
| Nguyen, Stephanie | Democratic | Yea |
| Ortega, Liz | Democratic | Yea |
| Pacheco, Blanca | Democratic | Yea |
| Papan, Diane | Democratic | Yea |
| Pellerin, Gail | Democratic | Not Voting |
| Petrie-Norris, Cottie | Democratic | Yea |
| Quirk-Silva, Sharon | Democratic | Yea |
| Ramos, James C. | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Rivas, Robert | Democratic | Yea |
| Rubio, Blanca E. | Democratic | Not Voting |
| Schiavo, Pilar | Democratic | Not Voting |
| Soria, Esmeralda | Democratic | Yea |
| Valencia, Avelino | Democratic | Yea |
| Ward, Christopher M. | Democratic | Not Voting |
| Weber Pierson, M.D., Akilah | Democratic | Yea |
| Wicks, Buffy | Democratic | Not Voting |
| Wilson, Lori D. | Democratic | Yea |
| Zbur, Rick Chavez | Democratic | Yea |
| Alanis, Juan | Republican | Yea |
| Chen, Phillip | Republican | Yea |
| Dahle, Megan | Republican | Not Voting |
| Davies, Laurie | Republican | Not Voting |
| Dixon, Diane | Republican | Not Voting |
| Flora, Heath | Republican | Yea |
| Gallagher, James | Republican | Not Voting |
| Hoover, Josh | Republican | Not Voting |
| Lackey, Tom | Republican | Not Voting |
| Patterson, Joe | Republican | Yea |
| Sanchez, Kate | Republican | Not Voting |
| Ta, Tri | Republican | Not Voting |
| Wallis, Greg | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Democratic | 9 | 0 | 0 | 0 |
| Unaffiliated | 2 | 0 | 0 | 1 |
| Republican | 0 | 0 | 0 | 3 |
| Total | 11 | 0 | 0 | 4 |
| % of votes cast | 73% | 0% | 0% | 27% |
How each member voted (15)
| Member | Party | Vote |
|---|---|---|
| Villapudua | — | Yea |
| Jim Patterson | — | Not Voting |
| Wendy Carrillo | — | Yea |
| Arambula, Joaquin | Democratic | Yea |
| Bryan, Isaac G. | Democratic | Yea |
| Calderon, Lisa | Democratic | Yea |
| Fong, Mike | Democratic | Yea |
| Grayson, Timothy S. | Democratic | Yea |
| Haney, Matt | Democratic | Yea |
| Hart, Gregg | Democratic | Yea |
| Pellerin, Gail | Democratic | Yea |
| Wicks, Buffy | Democratic | Yea |
| Dixon, Diane | Republican | Not Voting |
| Sanchez, Kate | Republican | Not Voting |
| Ta, Tri | Republican | Not Voting |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 3 | 0 | 0 | 3 |
| Republican | 3 | 0 | 0 | 0 |
| Democratic | 6 | 0 | 0 | 1 |
| Total | 12 | 0 | 0 | 4 |
| % of votes cast | 75% | 0% | 0% | 25% |
How each member voted (16)
| Member | Party | Vote |
|---|---|---|
| Ting | — | Yea |
| Santiago | — | Yea |
| Wood | — | Yea |
| Friedman | — | Not Voting |
| Holden | — | Not Voting |
| Jim Patterson | — | Not Voting |
| Bauer-Kahan, Rebecca | Democratic | Not Voting |
| Calderon, Lisa | Democratic | Yea |
| Connolly, Damon | Democratic | Yea |
| Petrie-Norris, Cottie | Democratic | Yea |
| Reyes, Eloise Gómez | Democratic | Yea |
| Schiavo, Pilar | Democratic | Yea |
| Zbur, Rick Chavez | Democratic | Yea |
| Chen, Phillip | Republican | Yea |
| Patterson, Joe | Republican | Yea |
| Wallis, Greg | Republican | Yea |
Subjects
Frequently asked questions
- What does AB 3263 do?
- Existing law authorizes the Public Utilities Commission to fix the rates and charges for every public utility, and requires that those rates and charges be just and reasonable. Existing law authorizes an electrical corporation to file an application requesting the commission to issue a financing order to authorize the recovery of costs and expenses related to a catastrophic wildfire, including fire risk mitigation capital expenditures, through the issuance of bonds by the electrical corporation that are secured by a rate component, as provided. This bill would, in addition to expenses related to catastrophic wildfires, authorize the use of a financing order to recover the costs of wildfire mitigation efforts, operational and maintenance expenses related to an electrical corporation's wildfire mitigation plan, wildfire risk mitigation costs, vegetation management costs and expenses, or to recover an electrical corporation's costs related to any federal or state declaration of a state of emergency. The bill would authorize an application for vegetation management expenses submitted by a large electrical corporation, as defined, to include the issuance of recovery bonds for vegetation management expenses, including where bond proceeds are refunded to customers, in an amount not to exceed a specified amount with an average repayment period not to exceed 15 years.
- Who sponsors AB 3263?
- AB 3263 is sponsored by Calderon, Lisa (Democratic).
- What is the current status of AB 3263?
- This bill died with 2023-2024 Regular Session. It reached “To Executive” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track AB 3263?
- Track AB 3263 free on One Click Politics — get push/email alerts when it moves.
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