California Public Utilities Code

§ 3420

PUC § 3420 Effective Jan 1, 2023Div. 1.7 · Part 2

Statute text

(a)The Governor, or the Governor’s designee, may incorporate Golden State Energy as a nonprofit public benefit corporation pursuant to the Nonprofit Public Benefit Corporation Law (Part 2 (commencing with Section 5110) of Division 2 of Title 1 of the Corporations Code) for the purpose of owning, controlling, operating, or managing electrical and gas services for its ratepayers and for the benefit of all Californians.

(b)(1) Golden State Energy’s initial board of directors shall consist of nine members.

(2)(A) The initial board members shall be appointed as follows: five members appointed by the Governor, two members appointed by the Senate Committee on Rules, and two members appointed by the Speaker of the Assembly.

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Legislative history

Amended by Stats. 2022, Ch. 28, Sec. 144. (SB 1380) Effective January 1, 2023.