SECTION 1.
The Legislature finds and declares as follows:(a) Public entities are barred from making political contributions under existing California law.
(b) Electrical and gas corporations are quasi-public entities, behaving in many ways like arms of the state. They claim monopolies on entire regions, seize property through eminent domain, and enjoy a fixed rate of return. State officials, in turn, are essentially embedded in their corporate structure. Officials closely control prices, operations, and purchasing.
(c) Under precedents of the United States Supreme Court, the First Amendment does not afford absolute protection to political donations.