BILL NUMBER: SB 1207INTRODUCED BILL TEXT INTRODUCED BY Senator Fuller FEBRUARY 22, 2012 An act relating to public utility rates. LEGISLATIVE COUNSEL'S DIGEST SB 1207, as introduced, Fuller. Electricity: rates. Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including electrical corporations, as defined. Existing law authorizes the commission to fix the rates and charges for every public utility, and requires that those rates and charges be just and reasonable. This bill would state the intent of the Legislature to enact legislation that would require fair and equitable statewide electric rates. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact legislation that would require fair and equitable statewide electric rates.