SECTIONS 8276-8279 - California Statutes

PUBLIC UTILITIES CODE

SECTION 8276-8279

8276. The commission shall prohibit any public utility that has any
retirement funds invested in the government of Libya, or in any
corporation based in that country, from including in its plant
operating budget any losses incurred as a result of those
investments.

8277. The commission shall require every public utility to provide
the commission with a list of its retirement fund investments in the
government of Libya, or in any corporation based in that country.

8278. The commission shall verify the accuracy of the information
provided pursuant to Section 8277, and shall disallow any losses
incurred as a result of investments in the government of Libya, or in
any corporation based in that country, in establishing rates for the
public utility.

8279. This article does not prevent the commission from applying
this article to public utility retirement fund investments in other
countries such as, but not limited to, Libya, if comparable
conditions warrant that application.