Bill Text: CA SB1461 | 2017-2018 | Regular Session | Introduced

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Bill Title: Water corporations: rates: rate of return.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2018-03-08 - Referred to Com. on RLS. [SB1461 Detail]

Download: California-2017-SB1461-Introduced.html

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CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Senate Bill

No. 1461

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Introduced by Senator Wilk
(Coauthor: Assembly Member Lackey)

February 16, 2018

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An act relating to water corporations.

LEGISLATIVE COUNSEL'S DIGEST

SB 1461, as introduced, Wilk. Water corporations: rates: rate of return.

Under existing law, the Public Utilities Commission has regulatory authority over public utilities, including water corporations. Existing law authorizes the commission to fix the rates and charges for every public utility and requires that those rates and charges be just and reasonable.

This bill would state the intent of the Legislature to enact legislation reforming the rate of return earned by water corporations.

Digest Key

Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

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Bill Text

The people of the State of California do enact as follows:

SECTION 1.

 It is the intent of the Legislature to enact legislation reforming the rate of return earned by water corporations.