California Government Code

§ 16428.3

GOV § 16428.3 Effective Aug 11, 2003Div. 4 · Title 2 · Part 2 · Ch. 2 · Art. 9.5

Statute text

(a)Any energy settlement agreement entered into by the Attorney General, after reimbursing the Attorney General’s litigation and investigation expenses, to the maximum extent possible, shall direct settlement funds to the following purposes in priority order:

(1)To reduce ratepayer costs of those utility ratepayers harmed by the actions of the settling parties. To the extent the ratepayers of the investor-owned utilities were harmed, the settlement funds shall be directed to reduce their costs, to the maximum extent possible, through reduction of rates or the reduction of ratepayer debt obligations incurred as a result of the energy crisis.

(2)For deposit in the fund.

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Legislative history

Added by Stats. 2003, Ch. 228, Sec. 16. Effective August 11, 2003.