SB 1550 - The act provides that prior to the Public Service Commission allocating to each public utility the Commission's estimated expenses incurred for the regulation of public utilities, each public utility shall file with the Commission a statement satisfied by a declaration that the statement is made under penalty of perjury showing the utility's gross intrastate operating revenues for the preceding calendar year. The act further provides that the Commission shall require every person and corporation under the Commission's supervision to file with the Commission an annual report, as described in current law, satisfied by a declaration that the report is made under penalty of perjury. JULIA SHEVELEVA