Code Section Group

Public Utilities Code - PUC

DIVISION 4. LAWS RELATING TO UTILITY CORPORATIONS AND THEIR EMPLOYEES [7503 - 8286]

  ( Division 4 enacted by Stats. 1951, Ch. 764. )

CHAPTER 7. Miscellaneous Regulations [8201 - 8286]

  ( Chapter 7 enacted by Stats. 1951, Ch. 764. )

ARTICLE 4. Retirement Fund Investment Losses [8276 - 8279]
  ( Article 4 added by Stats. 1986, Ch. 1255, Sec. 1. )

8276.
  

The commission shall prohibit any public utility that has any retirement funds invested in the government of Libya, or in any corporation based in that country, from including in its plant operating budget any losses incurred as a result of those investments.

(Amended by Stats. 1994, Ch. 31, Sec. 6. Effective March 30, 1994.)

8277.
  

The commission shall require every public utility to provide the commission with a list of its retirement fund investments in the government of Libya, or in any corporation based in that country.

(Amended by Stats. 1994, Ch. 31, Sec. 7. Effective March 30, 1994.)

8278.
  

The commission shall verify the accuracy of the information provided pursuant to Section 8277, and shall disallow any losses incurred as a result of investments in the government of Libya, or in any corporation based in that country, in establishing rates for the public utility.

(Amended by Stats. 1994, Ch. 31, Sec. 8. Effective March 30, 1994.)

8279.
  

This article does not prevent the commission from applying this article to public utility retirement fund investments in other countries such as, but not limited to, Libya, if comparable conditions warrant that application.

(Amended by Stats. 1994, Ch. 31, Sec. 9. Effective March 30, 1994.)

PUCPublic Utilities Code - PUC4