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HomeMy WebLinkAboutI- 6 Staff Report Letter of Supprot for SB 888 CONSENT CALENDAR TO: HONORABLE MAYOR AND MEMBERS OF AZUSA CITY COUNCIL FROM: JOSEPH F. HSU, DIRECTOR OF UTILITIES VIA: RICK COLE, CITY MANAGER DATE: MAY 5, 2003 SUBJECT: LETTER OF SUPPORT FOR SB 888 RECOMMENDATION It is recommended that the Azusa City Council pass a motion to support SB 888 with clarifying amendments and authorize the Mayor to sign the letter of support. BACKGROUND State Senator Joseph Dunn recently introduced a bill, SB 888, which is intended to return California to a regulated, cost based, electric utility industry. It would repeal most of AB 1890 of 1996 which restructured the electric industry in California. The highlights of the Bill are: • Declares the legislative intent to restore the Investor Owned Utilities (IOU) obligation to serve, stop power plant divestiture, reinstated comprehensive planning, provide reasonable rates, and assure universal service. • Requires CPUC to set transmission maintenance standards. • Repeal direct access provision of AB 1890. • Provides that current direct access customers return to IOU service after their contracts expire. • Requires cost based regulation of IOUs. • Restores the obligation to build generation to meet loads of IOUs. This Bill deals almost entirely with Investor Owned Utilities in California. However, by moving the California electric utility industry towards regulated, obligation to serve, and cost based Page 2: Letter of Support for SB 888 market, it will restore market stability, supply reliability and cost predictability. Indirectly, public owned utilities can benefit from those market attributes. Therefore, California Municipal Utilities Association and Southern California Public Power Association have expressed support to this Bill. A sample Letter of Support is attached for your reference. Prepared by: J. Hsu Attachment