CA AB33

Authorizes the Public Utilities Commission to issue financing orders allowing Pacific Gas and Electric Company to securitize costs related to the 2017 northern California wildfires through recovery bonds, excluding fines and penalties.

Establishes "fixed recovery charges" as nonbypassable rates on all consumers in PG&E's service territory to recover wildfire-related costs, financing costs, and associated taxes until recovery bonds are fully paid.

Protects the securitization from future modification by prohibiting the commission from amending, adjusting, or modifying financing orders even if some costs are later disallowed, though customers must receive credits for disallowed amounts.

Extends the commission's authority to issue financing orders from December 31, 2006 to December 31, 2030, enabling PG&E to issue recovery bonds over an extended period.

Requires customers to receive credits if PG&E receives additional insurance proceeds, tax benefits, or other reimbursements related to wildfire costs, but prohibits these credits from affecting the financing order or recovery bonds themselves.