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California Public Utilities Code

§ 775

PUC § 775Div. 1 · Part 1 · Ch. 4 · Art. 3

Statute text

View on leginfo.ca.gov
Whenever an electric or gas corporation sells fuel oil which is, or is reasonably expected to be, useful in the performance of its public utility function, at a price higher than the electric or gas corporation’s purchase cost, the commission shall, in any rate proceeding, require that the amount higher than the purchase cost be credited with interest against the expense claimed by the electric or gas corporation.

Legislative history

Added by Stats. 1976, Ch. 1360.

Source: California Public Utilities Code § 775 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.