Electric Utilities. Assessments. Bonds. Initiative Statute.
	Official Title and Summary prepared by the Attorney General
Full Text of Proposed Law	ELECTRIC UTILITIES. ASSESSMENTS. BONDS. INITIATIVE STATUTE.

• Prohibits assessment of utility tax, bond payments or surcharges for payment of costs of nuclear power plants/related assets.
• Limits authority of electric companies to recover costs for non-nuclear generation plants.
• Prohibits issuance of rate reduction bonds and assessments on customers for payment of bond principal, interest, and related costs.
• Provides judicial review of Public Utilities Commission decisions relating to electric restructuring and financing costs by writ of mandate.
• May provide up to 20% electricity rate reduction for residential and small commercial customers of investor-owned utilities by January 1, 1999.
• Restricts customer information dissemination.

Summary of Legislative Analyst's
Estimate of Net State and Local Government Fiscal Impact:

• State government net revenue reductions potentially in the high tens of millions of dollars annually through 2001-02.
• Local government net revenue reductions potentially in the tens of millions of dollars annually through 2001-02.
• State and local government savings in utility costs, potentially in the tens of millions of dollars annually through 2001-02.

Argument in Favor of Proposition 9

Rebuttal to Argument in Favor of Proposition 9

Argument Against Proposition 9

Rebuttal to Argument Against Proposition 9

Full Text of Proposition 9