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Cal. Pub. Util. Code § 706

Generally

Known as the Public Utilities Act

The act spans §§ 201–2120 (1,026 sections).

Repealed and added by Stats. 2018, Ch. 626, Sec. 29

(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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.