CA AB1273

Prohibits the California Public Utilities Commission (PUC) from placing rate increase decisions for electrical corporations with revenue requirements exceeding $1 billion on its consent agenda

Requires the PUC to provide at least 30 minutes of public comment before voting on any decision that would increase an electrical corporation's customer rates by more than 5%, unless insufficient speakers are present

Extends the existing exemption for local publicly owned electric utilities that receive more than 40% of retail sales from large hydroelectric generation to compliance periods beyond December 31, 2030, as established by the Energy Commission

Utilities meeting the 40% large hydroelectric threshold are only required to procure eligible renewable energy resources up to the lesser of their retail sales unsatisfied by hydroelectric generation or the soft target for that compliance period