829.
(a) This article shall does not apply to any a person or corporation which that transacts no business subject to regulation under this part, except performing services or delivering commodities for or to public utilities or municipal or other public corporations primarily for resale or use in serving the public or any portion thereof. This article shall thereof but shall nevertheless apply to any public utility if the commission finds, in a proceeding to which the public utility is or may become a party, that the application of this article is required by the public interest. (b) (1) (1)The Except for Section 828, requirements in this article for commission approval of utility financing do not apply to a telephone corporation that is not regulated under a rate-of-return regulatory structure is exempt from this article. This subdivision does not exempt a new regulatory framework that utilizes a price-cap index, price adjustment formula, or substantially similar mechanism established by the commission, if the corporation does not pledge a plant or assets to secure the financing. However, this article shall continue to apply to any telephone corporation that is also an electrical corporation or a gas corporation, unless the commission determines the telephone corporation is exempt pursuant to subdivision (c). As used in this subdivision, a “rate-of-return regulatory structure” means a system under which the rates and charges of the telephone corporation are limited by a maximum permissible price that may be charged for a specific service. Telephone corporations regulated by a framework under which they may exercise pricing flexibility for all or most of the services offered are not regulated under a rate-of-return regulatory structure. gas corporation that is a public utility, as defined in Section 216, 218, or 222.
(2) Notwithstanding paragraph (1), a telephone corporation as described in this subdivision shall remain subject to Sections 817, 820, 824, 826, 828, 830, and subdivision (a) of Section 827.
(2) (3) Notwithstanding paragraph (1), the The commission may impose reimpose any requirement of this article on a telephone corporation or all of the requirements of this article for commission approval of utility financing upon a utility exempt under paragraph (1) if the commission finds, after an evidentiary hearing in a proceeding in which the telephone corporation is or may become a party, considering the financial condition of the utility, that the application of any provision of or all of the requirements of this article is required by the public interest.
(c) The commission may from time to time by order or rule, and subject to such those terms and conditions as that may be prescribed therein, in the order or rule, exempt any public utility or class of public utility from this article article, or any portion of this article, if it finds that the application thereof to such of this article to the public utility or class of public utility is not necessary in the public interest.