CA SB332

Requires the California Energy Commission to select a research institute to conduct a comparative analysis (capped at $5 million) of transitioning Pacific Gas and Electric, Southern California Edison, San Diego Gas & Electric, and SoCalGas to a public entity, nonprofit public benefit corporation, or mutual benefit corporation, with the final analysis due by January 1, 2029

Mandates an interim report by December 31, 2026 on threshold legal issues, including legal barriers, permissible pathways, and necessary legal changes for transitioning investor-owned utility assets and operations to successor entities

Requires electrical corporations and gas corporations to annually post customer disconnection and reconnection data on their websites starting March 1, 2026, and local publicly owned electric utilities starting March 1, 2027

Adds ratepayer affordability as a required criterion for executive incentive compensation structures that electrical corporations must have approved by the Office of Energy Infrastructure Safety to receive safety certification

Directs the Public Utilities Commission to share customer disconnection, arrears, and uncollectibles data with the Office of Energy Infrastructure Safety to assess ratepayer affordability when reviewing executive compensation