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As a result of the amendment, the Constitution of California declares that the Public Utilities Code is the highest law in the state, that the legislature has unlimited authority to regulate public utilities under the Public Utilities Code, and that its provisions override any conflicting provision of the State Constitution which deals with the ...
In the United States, a public utilities commission (PUC), utilities commission, utility regulatory commission (URC), or public service commission (PSC) is a governing body that regulates the rates and services of a public utility, such as an electric utility. In some cases, government bodies with the title "public service commission" may be ...
In 2015, California legislation passed a bill (SB 350) that sets a goal of having 33% of electricity produced from renewable resources by 2020, and 50% by 2030. The California Energy Commission was given the task of monitoring and enforcing regulation on utility companies, to help them meet this goal. [9]
It seems to be consistently doing whatever the utilities it regulates want it to do. No wonder former CPUC President Loretta Lynch recently lamented , “The PUC is supposed to be a watchdog, but ...
Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies. Public utilities are meant to supply goods and services that are considered essential; water, gas, electricity, telephone, waste disposal, and other communication systems represent much of the ...
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The law forced electric utilities to buy power from other more efficient producers, such as cogeneration plants, if that cost was less than the utility's own "avoided cost" rate to the consumer; the avoided cost rate was the additional costs that the electric utility would incur if it generated the required power itself, or if available, could ...
Just as increased constraints from regulation drive compensation down for executives in electric utilities, deregulation has been shown to increase compensation. The need to encourage risk-taking behavior in seeking new investment opportunities while keeping costs under control requires deregulated companies to offer performance-based ...