Public Utilities Code section 706

(a)

For purposes of this section, “compensation” means any annual salary, bonus, benefits, or other consideration of any value, paid to an officer of an electrical corporation or gas corporation.

(b)

An electrical corporation or gas corporation shall not recover expenses for compensation from ratepayers. Compensation shall be paid solely by shareholders of the electrical corporation or gas corporation.

Source: Section 706, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=PUC§ionNum=706.­ (updated Jan. 1, 2019; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 706's source at ca​.gov