Utility Accountability Act

AB 1020 ensures that for-profit utilities use non-traditional funding sources—such as federal and state loans and grants—in a way that directly benefits California ratepayers. With electricity rates among the highest in the nation and nearly 20% of households behind on their energy bills, this bill strengthens oversight and transparency. By requiring for-profit utilities to submit detailed spending plans, report quarterly on savings, and adjust rates to reflect cost reductions, AB 1020 helps lower electricity costs while maintaining critical investments in wildfire prevention and grid reliability.