Regulation of Electric Service Providers. Initiative Statute.

Subjects electric service providers, as defined, to control and regulation by California Public Utilities Commission. Imposes restrictions on electricity customers\u27 ability to switch from private utilities to other electric providers. Provides that registration by electric service providers with Commission constitutes providers\u27 consent to regulation. Requires all retail electric sellers, instead of just private utilities, to increase renewable energy resource procurement by at least 1% each year, with 20% of retail sales procured from renewable energy by 2010, instead of current requirement of 2017. Imposes duties on Commission, Legislature and electrical providers. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Annual state costs of up to $4 million for regulatory activities of the California Public Utilities Commission. These costs would be fully offset by fee revenues. Unknown impact on state and local costs and revenues, as the measure\u27s impact on retail electricity rates is uncertain