§ 40043
47 words·~1 min read·
/ca/revenue-and-taxation-code/40043A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The consumption by an electric utility of purchased electrical energy that is used directly, lost by dissipation or unaccounted for in accordance with generally accepted accounting principles by the electric utility in the process of generation, transmission and distribution of electrical energy is exempt from the surcharge.