Public Resources Code section 94510

(a)

The proportion of any asset funded pursuant to this section or Section 94520 or 94530 shall be funded without return on equity for the lifetime of the proportion of that asset that would have otherwise been borne by ratepayers.

(b)

The proportion of any projects funded pursuant to this section or Section 94520 or 94530 shall be excluded from the ratebase, and no costs may be collected from ratepayers.

(c)

It is the intent of the Legislature that bond moneys shall not be used for shareholder incentives or profits for shareholders of private corporations.

Source: Section 94510, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PRC§ionNum=94510. (accessed Apr. 24, 2025).

94500
94510
94520
94530
94540

Last Updated

Apr. 24, 2025

§ 94510’s source at ca.gov

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Location: https://california.public.law/codes/public_resources_code_section_94510

Original Source: Section 94510, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PRC§ionNum=94510. (last accessed Apr. 24, 2025).