The Assembly Utilities and Energy Committee of the California State Assembly convened on June 3, 2025, to discuss critical issues surrounding energy policy and affordability. The meeting highlighted the complexities of policymaking in the energy sector, particularly in relation to funding and safety measures.

Assemblywoman Schiavo opened the discussion by expressing gratitude for the ambitious initiatives being proposed, particularly in addressing affordability. She emphasized the intricate nature of policy decisions, noting that changes in one area often lead to unintended consequences in others. Schiavo underscored the importance of the Demand-Side Management (DSM) task force, which aims to evaluate the effectiveness of existing programs and ensure that funding is directed toward the most efficient solutions.

A significant portion of the conversation focused on the topic of undergrounding power lines, especially in fire-prone areas. Schiavo acknowledged the necessity of investing in undergrounding but cautioned that the costs associated with such projects are prohibitively high for ratepayers across California. She advocated for a balanced approach that considers alternative safety measures, such as covered conductors and rapid shutoff technologies, which could mitigate fire risks without the substantial financial burden of undergrounding.

Simloon Patterson contributed to the dialogue by reflecting on the various components of the proposed legislation. He expressed support for discussions around public financing, highlighting its potential to lower borrowing costs for utilities. Patterson raised questions about how to further reduce interest rates on utility borrowing, suggesting that credit ratings play a crucial role in determining borrowing costs.

The meeting concluded with a commitment to continue exploring these complex issues, with a focus on ensuring that ratepayers feel the positive impacts of any legislative changes. The committee's discussions set the stage for ongoing conversations about energy policy in California, emphasizing the need for innovative solutions that balance safety, affordability, and efficiency.