AB 2700: Public Utilities Commission: electrical corporations: wildfire victim restitution shortfalls: report: restitution mechanisms.

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

Existing law vests the Public Utilities Commission with regulatory authority over public utilities, including electrical corporations. Existing law requires the Wildfire Fund Administrator, in consultation with the commission and other entities, to prepare and submit to the Legislature and the Governor a report that evaluates and sets forth recommendations on new models or approaches that mitigate damage, accelerate recovery, and responsibly and equitably allocate the burdens from natural catastrophes, including catastrophic wildfires, across stakeholders, as provided.

This bill would require the commission, on or before January 1, 2028, to generate a report assessing the verified restitution shortfalls for victims of wildfires caused by electrical corporations occurring before July 12, 2019, and to recommend restitution mechanisms for electrical corporations to address restitution shortfalls, as provided. The bill would require the commission, in developing the restitution mechanisms, to ensure, among other things, that the verified restitution shortfalls are consistently and fairly paid to ensure full compensation is issued in a timely manner.

Sponsors

Sponsors by party (alphabetical): Democratic 2 · Republican 5

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. September 30, 2026Chaptered by Secretary of State - Chapter 959, Statutes of 2026.
2. September 30, 2026Approved by the Governor.
3. September 15, 2026Enrolled and presented to the Governor at 3 p.m.
4. August 31, 2026Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6987.).
5. August 31, 2026Assembly Rule 63 suspended. (Page 6985.)
6. August 31, 2026From committee: That the Senate amendments be concurred in. (Ayes 17. Noes 0.) (August 30).
7. August 25, 2026Re-referred to Com. on U. & E. pursuant to Assembly Rule 77.2.
8. August 24, 2026In Assembly. Concurrence in Senate amendments pending.
9. August 24, 2026Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0.).
10. August 17, 2026Read second time. Ordered to third reading.
11. August 13, 2026Read second time and amended. Ordered returned to second reading.
12. August 13, 2026From committee: Amend, and do pass as amended. (Ayes 7. Noes 0.) (August 13).