Examples of AB 1890 in a sentence
The balance of that tracking account will be recovered from customers and paid to the appropriate Participating TO after termination of the cost recovery plan set forth in Section 368 of California Public Utilities Code (as added by AB 1890).
On or as soon as practicable after the later of the Effective Date or the date on which the Commission approval of this Agreement is no longer subject to appeal, PG&E and PG&E Corporation, on the one hand, and the Commission, on the other, will execute full mutual releases and dismissals with prejudice of all claims, actions or regulatory proceedings arising out of or related in any way to the energy crisis or the implementation of A.B. 1890 listed on Appendix C hereto.
Paragraph 10 of the PSA states in part: “PG&E and PG&E Corporation, on the one hand, and the Commission on the other, will execute full mutual releases and dismissals with prejudice of all claims, actions or regulatory proceedings arising out of or related in any way to the energy crisis or the implementation of AB 1890 listed on Appendix C hereto.” CCSF says the release language should be modified to exclude PG&E Corporation.
Before passage of AB 1890, the three utilities provided power to 77 percent of the state, pursuant to strict price regulation based on the cost of providing the service.
PG&E sued the State for breach of contract, alleging that AB 1890 established a “regulatory contract” between the State and PG&E under which the State promised to withdraw any PUC control over PG&E’s retained generation by the end of 2001.
Various market valuation applications under AB 1890, Public Utilities Code Section 367(b) in Docket Nos.
In 1996, following a study by the California Public Utilities Commission (PUC) and extensive negotiations in the Legislature, the state enacted AB 1890 to transition California from a system of regulated monopolies to a competitive wholesale electricity market.
The Legislature codified the Preferred Policy Decision in Assembly Bill (AB) 1890, Stats.
To achieve this, AB 1890 encouraged California’s three major investor-owned utilities (PG&E, SCE, and SDG&E, collectively “IOUs”) to sell or divest certain power generating facilities.
AB 1890 created a pricing system that was a compromise among IOUs, consumers and merchant generators.10 Since wholesale prices were expected to fall dramatically, policy-makers projected that new merchant generators, unencumbered by investments in more expensive forms of generation im- posed upon IOUs during regulation (“stranded costs”), could sell power far cheaper than the state’s incumbent utilities.