§ 3402
172 words·~1 min read·
/ca/public-utilities-code/3402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
It is the intent of the Legislature that all of the following occur if Golden State Energy commences energy operations:
(a)The operation of Golden State Energy, as the successor to Pacific Gas and Electric Company, will be for the benefit of its customers and will lessen the burdens on the State of California. The purpose of any acquisition of Pacific Gas and Electric Company’s property, including franchise rights and stock, pursuant to this division is to provide more reliable energy services with greater attention on public safety.
(b)Golden State Energy should take into account rate impacts on all customer classes and manage its operations to benefit customers throughout its entire service territory.
(c)Golden State Energy should manage its operations to best benefit the public that it serves, demonstrating leadership in the delivery of safe, reliable, clean, affordable energy.
(d)Golden State Energy should adopt procedures to encourage the election of board members who collectively reflect attributes, expertise, and experience relevant to the operation of a safe and reliable utility.