California Public Utilities Code

§ 2720

PUC § 2720 Effective Jan 1, 1998Div. 1 · Part 2 · Ch. 2.5

Statute text

(a)The commission shall use the standard of fair market value when establishing the rate base value for the distribution system of a public water system acquired by a water corporation. This standard shall be used for ratesetting.

(1)For purposes of this section, “public water system” shall have the same meaning as set forth in Section 116275 of the Health and Safety Code.

(2)For purposes of this section, “fair market value” shall have the same meaning as set forth in Section 1263.320 of the Code of Civil Procedure.

…

Legislative history

Added by Stats. 1997, Ch. 675, Sec. 1. Effective January 1, 1998.