California Statutes
§ 775. — 775. (Added by Stats. 1976, Ch. 1360.)
California·Code PUC Public Utilities Code - PUC·Div. 1. DIVISION 1. REGULATION OF PUBLIC UTILITIES·Part 1. PART 1. PUBLIC UTILITIES ACT·Ch. 4. CHAPTER 4. Regulation of Public Utilities·Art. 3. ARTICLE 3. Equipment, Practices, and Facilities
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.
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California § 775. (775. (Added by Stats. 1976, Ch. 1360.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1976, Ch. 1360.