CA AB420

Exempts public utilities with $500 million or more in gross annual California revenues from needing commission approval for easements or easement changes valued at $100,000 or less in ratepayer financial impact

Requires the $100,000 and $500 million threshold values to be adjusted for inflation every 5 years beginning January 1, 2030, based on the Consumer Price Index for All Urban Consumers (CPI-U)

Mandates each public utility to file an annual Tier 1 advice letter by April 1 reporting all transactions made under this exemption, including date, value, location, and party information

Maintains existing requirements for transactions above $5 million (commission order required) and transactions between $100,000 and $5 million (advice letter approval required)