SB 931 Summary

• Prohibits the Public Utilities Commission from approving or extending any electricity generation facility using fossil fuels after December 31, 2045.

• Requires all electricity generation facilities to cease using fossil fuels for generation or storage of electricity by December 31, 2045.

• Prohibits the PUC from approving public utility cost recovery applications for fossil fuel generation or storage facilities, with discretionary waivers allowed for circumstances beyond the facility's reasonable control.

• Amends PUC authority to explicitly consider price volatility, export of funds for fuel imports, fuel supply reliability risk, and greenhouse gas emissions when evaluating reasonableness of fossil fuel electricity generation and storage costs.

• Takes effect July 1, 2055.