Public Utilities Code - PUC
DIVISION 1. REGULATION OF PUBLIC UTILITIES [201 - 3297]
( Division 1 enacted by Stats. 1951, Ch. 764. ) PART 1. PUBLIC UTILITIES ACT [201 - 2120]
( Part 1 enacted by Stats. 1951, Ch. 764. ) CHAPTER 4. Regulation of Public Utilities [701 - 939.5]
( Chapter 4 enacted by Stats. 1951, Ch. 764. ) ARTICLE 1. Generally [701 - 718]
( Article 1 enacted by Stats. 1951, Ch. 764. ) 706.
(a) For purposes of this section, “compensation” means any annual salary, bonus, benefits, or other consideration of any value, paid to an officer of an electrical corporation or gas corporation.
(b) An electrical corporation or gas corporation shall not recover expenses for compensation from ratepayers. Compensation shall be paid solely by shareholders of the electrical corporation or gas corporation.
(Repealed and added by Stats. 2018, Ch. 626, Sec. 29. (SB 901) Effective January 1, 2019.)