Statute · California Public Utilities Code
Cal. Pub. Util. Code § 706 — Generally
Cal. Pub. Util. Code § 706
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2019-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(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.
Citator
Cal. Pub. Util. Code § 706 — Generally is in force in the current edition of the Code, and nothing recorded condemns it.
(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.