California 2017-2018 Regular Session

California Assembly Bill AB2604 Compare Versions

Only one version of the bill is available at this time.

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1	1	CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 2604Introduced by Assembly Member CunninghamFebruary 15, 2018 An act to amend Section 303 of the Public Utilities Code, relating to the Public Utilities Commission. LEGISLATIVE COUNSEL'S DIGESTAB 2604, as introduced, Cunningham. Public Utilities Commission.The California Constitution establishes the Public Utilities Commission, with jurisdiction over all public utilities. Existing law prohibits an executive of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.This bill would instead prohibit an employee of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill TextThe people of the State of California do enact as follows:SECTION 1. Section 303 of the Public Utilities Code is amended to read:303. (a) A public utilities commissioner may not hold an official relation to, nor have a financial interest in, a person or corporation subject to regulation by the commission. If any commissioner acquires a financial interest in a corporation or person subject to regulation by the commission other than voluntarily, his or her office shall become vacant unless within a reasonable time he or she divests himself or herself of the interest.(b) No executive employee of a public utility may serve as commissioner within two years after leaving the employment of the utility.(c) The commission shall maintain an updated Conflict of Interest Code and Statement of Incompatible Activities in a manner consistent with applicable law.
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3	3	CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION Assembly Bill No. 2604Introduced by Assembly Member CunninghamFebruary 15, 2018 An act to amend Section 303 of the Public Utilities Code, relating to the Public Utilities Commission. LEGISLATIVE COUNSEL'S DIGESTAB 2604, as introduced, Cunningham. Public Utilities Commission.The California Constitution establishes the Public Utilities Commission, with jurisdiction over all public utilities. Existing law prohibits an executive of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.This bill would instead prohibit an employee of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO
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9	9	CALIFORNIA LEGISLATURE 20172018 REGULAR SESSION
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11	11	Assembly Bill No. 2604
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13	13	Introduced by Assembly Member CunninghamFebruary 15, 2018
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15	15	Introduced by Assembly Member Cunningham
16	16	February 15, 2018
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18	18	An act to amend Section 303 of the Public Utilities Code, relating to the Public Utilities Commission.
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20	20	LEGISLATIVE COUNSEL'S DIGEST
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22	22	## LEGISLATIVE COUNSEL'S DIGEST
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24	24	AB 2604, as introduced, Cunningham. Public Utilities Commission.
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26	26	The California Constitution establishes the Public Utilities Commission, with jurisdiction over all public utilities. Existing law prohibits an executive of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.This bill would instead prohibit an employee of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.
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28	28	The California Constitution establishes the Public Utilities Commission, with jurisdiction over all public utilities. Existing law prohibits an executive of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.
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30	30	This bill would instead prohibit an employee of a public utility from serving as a commissioner within 2 years after leaving the employment of the utility.
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32	32	## Digest Key
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34	34	## Bill Text
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36	36	The people of the State of California do enact as follows:SECTION 1. Section 303 of the Public Utilities Code is amended to read:303. (a) A public utilities commissioner may not hold an official relation to, nor have a financial interest in, a person or corporation subject to regulation by the commission. If any commissioner acquires a financial interest in a corporation or person subject to regulation by the commission other than voluntarily, his or her office shall become vacant unless within a reasonable time he or she divests himself or herself of the interest.(b) No executive employee of a public utility may serve as commissioner within two years after leaving the employment of the utility.(c) The commission shall maintain an updated Conflict of Interest Code and Statement of Incompatible Activities in a manner consistent with applicable law.
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38	38	The people of the State of California do enact as follows:
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40	40	## The people of the State of California do enact as follows:
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42	42	SECTION 1. Section 303 of the Public Utilities Code is amended to read:303. (a) A public utilities commissioner may not hold an official relation to, nor have a financial interest in, a person or corporation subject to regulation by the commission. If any commissioner acquires a financial interest in a corporation or person subject to regulation by the commission other than voluntarily, his or her office shall become vacant unless within a reasonable time he or she divests himself or herself of the interest.(b) No executive employee of a public utility may serve as commissioner within two years after leaving the employment of the utility.(c) The commission shall maintain an updated Conflict of Interest Code and Statement of Incompatible Activities in a manner consistent with applicable law.
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44	44	SECTION 1. Section 303 of the Public Utilities Code is amended to read:
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46	46	### SECTION 1.
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48	48	303. (a) A public utilities commissioner may not hold an official relation to, nor have a financial interest in, a person or corporation subject to regulation by the commission. If any commissioner acquires a financial interest in a corporation or person subject to regulation by the commission other than voluntarily, his or her office shall become vacant unless within a reasonable time he or she divests himself or herself of the interest.(b) No executive employee of a public utility may serve as commissioner within two years after leaving the employment of the utility.(c) The commission shall maintain an updated Conflict of Interest Code and Statement of Incompatible Activities in a manner consistent with applicable law.
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50	50	303. (a) A public utilities commissioner may not hold an official relation to, nor have a financial interest in, a person or corporation subject to regulation by the commission. If any commissioner acquires a financial interest in a corporation or person subject to regulation by the commission other than voluntarily, his or her office shall become vacant unless within a reasonable time he or she divests himself or herself of the interest.(b) No executive employee of a public utility may serve as commissioner within two years after leaving the employment of the utility.(c) The commission shall maintain an updated Conflict of Interest Code and Statement of Incompatible Activities in a manner consistent with applicable law.
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52	52	303. (a) A public utilities commissioner may not hold an official relation to, nor have a financial interest in, a person or corporation subject to regulation by the commission. If any commissioner acquires a financial interest in a corporation or person subject to regulation by the commission other than voluntarily, his or her office shall become vacant unless within a reasonable time he or she divests himself or herself of the interest.(b) No executive employee of a public utility may serve as commissioner within two years after leaving the employment of the utility.(c) The commission shall maintain an updated Conflict of Interest Code and Statement of Incompatible Activities in a manner consistent with applicable law.
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56	56	303. (a) A public utilities commissioner may not hold an official relation to, nor have a financial interest in, a person or corporation subject to regulation by the commission. If any commissioner acquires a financial interest in a corporation or person subject to regulation by the commission other than voluntarily, his or her office shall become vacant unless within a reasonable time he or she divests himself or herself of the interest.
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58	58	(b) No executive employee of a public utility may serve as commissioner within two years after leaving the employment of the utility.
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60	60	(c) The commission shall maintain an updated Conflict of Interest Code and Statement of Incompatible Activities in a manner consistent with applicable law.