§ 775
68 words·~1 min read·
/ca/public-utilities-code/775A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever an electric or gas corporation sells fuel oil which is, or is reasonably expected to be, useful in the performance of its public utility function, at a price higher than the electric or gas corporation’s purchase cost, the commission shall, in any rate proceeding, require that the amount higher than the purchase cost be credited with interest against the expense claimed by the electric or gas corporation.