CA SB881

Requires the Public Utilities Commission to mandate that each load-serving entity undertake sufficient procurement to achieve a diverse, balanced, and reliable statewide portfolio and meet electricity sector greenhouse gas emissions reductions as required by California's climate law.

Authorizes the commission to assess penalties on load-serving entities that fail to meet their obligations under this section and to authorize additional procurement with costs allocated to the failing entity's customers.

Applies to electrical corporations, electric service providers, community choice aggregators, and electrical cooperatives with annual electrical demand exceeding 700 gigawatthours (based on a three-year average starting January 1, 2013).

Requires integrated resource plans to align with existing state goals including 60 percent eligible renewable energy procurement by December 31, 2030, system reliability, just and reasonable rates, and minimized impacts on ratepayers' bills.

Declares that no state reimbursement to local agencies or school districts is required because any costs incurred result from the creation of a new crime under the Public Utilities Act.