CA AB2700

Requires the Public Utilities Commission to produce a report with recommendations to decrease electricity rates by at least 30% by January 1, 2028

Mandates review and cost-effectiveness evaluation of all public purpose programs funded through utility rates

Requires auditing of electrical corporation wildfire mitigation plan costs under Section 314.6, with recommendations to reduce rates where costs are found unreasonable

Directs the commission to consider adopting suggestions from its February 2025 response to Executive Order N-5-24 regarding the climate credit

Requires evaluation of programs listed in the commission's response to Executive Order N-5-24 (Table A-2), with elimination, reform, or legislative action recommended for programs found not cost-effective