The commission may, after hearing if requested, require any or all public utilities to carry a proper and adequate depreciation account in the form and in accordance with such rules as the commission prescribes. The commission may, from time to time, ascertain and by order fix the proper and adequate rates of depreciation of the several classes of property of each public utility.
Cal. Pub. Util. Code § 795
Books and Accounts
Known as the Public Utilities Act
The act spans §§ 201–2120 (1,026 sections).
Amended by Stats. 1970, Ch. 519.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.