Bill Text: CA AB2897 | 2019-2020 | Regular Session | Introduced
Bill Title: Electrical cooperatives and gas cooperative.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-03-05 - Referred to Com. on U. & E. [AB2897 Detail]
Download: California-2019-AB2897-Introduced.html
CALIFORNIA LEGISLATURE—
2019–2020 REGULAR SESSION
Assembly Bill
No. 2897
| Introduced by Assembly Member Chiu |
February 21, 2020 |
An act to amend Sections 2776, 2777, and 2778 of the Public Utilities Code, relating to energy.
LEGISLATIVE COUNSEL'S DIGEST
AB 2897, as introduced, Chiu.
Electrical cooperatives and gas cooperative.
Under existing law, the Public Utilities Commission has regulatory authority over public utilities. Existing law provides that the commission has no authority to establish rates or regulate the borrowing of money, the issuance of evidences of indebtedness, or the sale, lease, assignment, mortgage, or other disposal or encumbrance of the property of any electrical cooperative, as defined, but that electrical cooperatives are otherwise subject to the regulatory authority of the commission pursuant to the Public Utilities Act.
This bill would provide that the commission has no authority to establish rates or regulate the borrowing of money, the issuance of evidences of indebtedness, or the sale, lease, assignment, mortgage, or other disposal or encumbrance of the property of any gas cooperative, as defined, but that gas cooperatives are otherwise
subject to the regulatory authority of the commission pursuant to the Public Utilities Act. The bill would revise the definition of an electrical cooperative.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 2776 of the Public Utilities Code is amended to read:2776.
(a) As used in this chapter, the term “electrical cooperative” means any private corporation or association organized for the purposes of transmitting or distributing electricity exclusively(b) As used in this chapter, “gas cooperative” means any private
corporation or association organized for the purposes of transmitting or distributing gas exclusively to, or acquiring or storing gas exclusively for, its stockholders or members at cost.
