Electric Service Providers. Regulation.

ELECTRIC SERVICE PROVIDERS. REGULATION. INITIATIVE STATUTE. Subjects electric service providers, as defined, to control and regulation by California Public Utilities Commission. Imposes restrictions on electricity customers’ ability to switch from private utilities to other electric providers. Provides that registration by electric service providers with Commission constitutes providers’ consent to regulation. Requires all retail electric sellers, instead of just private utilities, to increase renewable energy resource procurement by at least 1% each year, with 20% of retail sales procured from renewable energy by 2010, instead of current requirement of 2017. Imposes duties on Commission, Legislature and electrical providers. SUMMARY OF LEGISLATIVE ANALYST'S ESTIMATE OF NET STATE AND LOCAL GOVERNMENT FISCAL IMPACT: Potential annual state administrative costs ranging from negligible up to around $4 million for regulatory activities of the California Public Utilities Commission, paid for by fee revenues. Unknown net impact on state and local government costs and revenues due to the measure’s uncertain impact on retail electricity rates.