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California Public Utilities Code

§ 706

PUC § 706 Effective Jan 1, 2019Div. 1 · Part 1 · Ch. 4 · Art. 1

Statute text

View on leginfo.ca.gov
(a)For purposes of this section, “compensation” means any annual salary, bonus, benefits, or other consideration of any value, paid to an officer of an electrical corporation or gas corporation.
(b)An electrical corporation or gas corporation shall not recover expenses for compensation from ratepayers. Compensation shall be paid solely by shareholders of the electrical corporation or gas corporation.

Legislative history

Repealed and added by Stats. 2018, Ch. 626, Sec. 29. (SB 901) Effective January 1, 2019.

Source: California Public Utilities Code § 706 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.