• 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.