CA AB2067

Revises Public Utilities Commission (PUC) balancing account review procedures to prioritize accounts based on year-end balances rather than quarterly balances, with focus on accounts exceeding 10-percent differential from authorized revenue amounts.

Adds prioritization criteria including balancing accounts in the top 25th percentile by authorized revenue amount, accounts with volatile annual balance fluctuations, and accounts not reviewed or audited in the previous 3 years.

Allows PUC to forgo review or audit if the Public Advocate's Office of the PUC has reviewed the account in the previous 3 years or plans to review it, or if an independent auditor has audited it in the previous 3 years or plans to audit it.

Specifies that PUC balancing account review procedures do not apply to the Public Advocate's Office and that PUC retains sole responsibility for results of reviews or audits conducted by the Public Advocate's Office or independent auditors.