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CA AB1799

Bill

Status

Failed

2/3/2020

Primary Sponsor

Laura Friedman

Click for details

Origin

State Assembly

2019-2020 Session

AI Summary

  • Requires the State Energy Resources Conservation and Development Commission to identify, collect, and analyze data on natural gas market price volatility and potential market manipulation affecting end-use customers.

  • Establishes the Joint Agency Natural Gas Market Oversight Committee with expertise to review natural gas market data and provide recommendations on market behavior, with authority to refer evidence of illegal market manipulation to the Public Utilities Commission's enforcement division.

  • Mandates that gas corporations and core transport agents submit data to the Commission including throughput volumes, storage facility operations, pipeline maintenance schedules, retail prices, and wholesale fuel price forecasts.

  • Requires electrical corporations, electric service providers, and community choice aggregators to include wholesale market risk management plans in their integrated resource plans addressing price volatility in electricity and natural gas markets.

  • Directs the Commission to include assessments of natural gas market volatility and potential manipulation in the integrated energy policy report beginning July 1, 2021.

Legislative Description

Natural gas.

Last Action

From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.

2/3/2020

Committee Referrals

Appropriations4/23/2019
Natural Resources4/11/2019
Utilities and Energy3/18/2019

Full Bill Text

No bill text available