Reliable Electric Service Investments Act.

Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including electrical corporations, as defined. The Reliable Electric Service Investments Act required the commission to require the state's 3 largest electrical corporations, until January 1, 2012, to identify a separate electrical rate component, commonly referred to as the public goods charge, to collect specified amounts to fund energy efficiency, renewable energy, and research, development, and demonstration programs that enhance system reliability and provide in-state benefits. The act provides that it shall not be construed to affect the jurisdiction of the commission over electrical distribution service. This bill would also provide that the act shall not be construed to alter the jurisdiction of the commission over electrical distribution service.