California Public Utilities Code

§ 701.10

PUC § 701.10 Effective Jan 1, 1993Div. 1 · Part 1 · Ch. 4 · Art. 1

Statute text

The policy of the State of California is that rates and charges established by the commission for water service provided by water corporations shall do all of the following:

(a)Provide revenues and earnings sufficient to afford the utility an opportunity to earn a reasonable return on its used and useful investment, to attract capital for investment on reasonable terms and to ensure the financial integrity of the utility.

(b)Minimize the long-term cost of reliable water service to water customers.

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Legislative history

Added by Stats. 1992, Ch. 549, Sec. 1. Effective January 1, 1993.