Under existing law, various entities have the power to exercise eminent domain for separately designated purposes.
This bill, in addition, would authorize a gas corporation public utility, until June 1, 2002, to exercise the power of eminent domain for the purpose of competing with another entity in the offering of natural gas and services related to natural gas. The bill would prohibit the Public Utilities Commission from making a finding on a petition filed by a gas corporation for those purposes.
Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including electrical corporations and other specified entities.
This bill would authorize the Governor to formulate a plan, through negotiation with representatives of electrical corporations, as defined, for the state to purchase the transmission facilities owned by electrical corporations in California that were under the operational control of the Independent System Operator as of January 1, 2001.
The bill would require the Governor to submit the plan to the Legislature for its consideration for subsequent adoption by statute and any necessary additional implementing legislation, including (1) authority for the State Treasurer to issue revenue bonds to finance the acquisition by the state of the transmission facilities of electrical corporations and to finance necessary improvements and expansion of the state’s electrical transmission system and (2) authority for the state to contract with electrical corporations for the ongoing maintenance, repair, construction, expansion, or improvement of the transmission facilities purchased by the state under the adopted plan. If a plan is formulated, the bill would require the plan to include provisions to recover General Fund costs associated with the formulation of the plan.