CA AB2054

Prohibits Public Utilities Commission (PUC) commissioners from being employed by any entity subject to PUC regulation for one year after their term ends, and prohibits them from accepting gifts from regulated entities.

Prohibits the director of the Public Advocate's Office from being employed by any entity subject to PUC regulation for one year after their term ends, and prohibits them from accepting gifts from regulated entities.

Requires the PUC to conduct further review of costs recorded in balancing accounts that exceed authorized forecasts to determine if they are just and reasonable before allowing rate recovery.

Requires electrical corporations to include cost-benefit analyses and at least one alternative in all proposals for wildfire mitigation capital costs eligible for rate recovery.

Requires the PUC to annually report to the Legislature specific information about balancing accounts, including the number of accounts exceeding forecasts by utility, review activities, and dollar amounts of approved and denied costs.