§ 3202. — 3202. (Added by Stats. 1987, Ch. 680, Sec. 1.)

California § 3202.

• Jurisdiction: California
• Code PUC: Public Utilities Code - PUC
• Div. 1.: DIVISION 1. REGULATION OF PUBLIC UTILITIES
• Part 4.: PART 4. PRODUCTION AND TRANSMISSION OF PUBLIC UTILITY COMMODITIES AND SERVICES
• Ch. 1.: CHAPTER 1. Gas Producers’ Cooperative Associations
• Art. 10.: ARTICLE 10. Marketing Contracts

Text

The contract may provide that the association may sell or resell any gas which is delivered by its members, with or without taking title to the gas, and pay over to its members the resale price, after deducting all of the following:
(a)
Necessary selling, overhead, and other costs and expenses, including interest on preferred stock, not exceeding 8 percent per annum, and reserves for retiring the stock, if any.
(b)
Other proper reserves.
(c)
Interest not exceeding 8 percent per annum upon common stock.

Legislative History

Added by Stats. 1987, Ch. 680, Sec. 1.