Public Utilities Act of the State of California And Related Constitutional ...
Public Utilities Act of the State of California And Related Constitutional ...
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Sec. 49. The commission shall have power, after hearing, to require any or all public utilities to carry a proper and adequate depreciation account in accordance with such rules, regulations and forms of account as the commission may pre- scribe. The commission may, from time to time, ascertain and determine and by order fix the proper and adequate rates of depreciation of the several classes of property of each public utility. Each public utility shall conform its depreciation (Amended by chap...ter 553, approved June 14, ^^^^-Y^ r\r\0]p^ — 33 — accounts to the rates so ascertained, determined and fixed, and shall set aside the moneys so provided for out of earnings and carry the same in a depreciation fund and expend such fund only for such purposes and under such rules and regulations, both as to original expenditure and subsequent replacement as the commission may prescribe. The income from invest- ments of moneys in such fund shall likewise be carried in such fund.
Sec. 50. (a) No street railroad corporation, gas corpora- tion, electrical corporation, telephone corporation or water corporation shall henceforth begin the construction of a street railroad, or of a line, plant or system, or of any extension of such street railroad, or line, plant, or system, without having first obtained from the commission a certificate that the pres- ent or future public convenience and necessity require or will require such construction; provided, that this section shall riot be construed to require any such corporation to secure such certificate for an extension within any city and county or city or town within which it shall have theretofore lawfully com- menced operations, or for an extension into territory either within or without a city and county or city or town, contiguous to its street railroad, or line, plant or system, and not thereto- fore served by a public utility of like character, or for an ex- tension within or to territory already served by it, necessary in the ordinary course of its business; and provided, further, that if any public utility, in constructing or extending its line, plant, or system, shall interfere or be about to interfere with the operation of the line, plant or system of any other public utility, already constructed, the commission, on com- plaint of the public utility claiming to be injuriously ajBfected, may, after hearing, make such order and prescribe such terms and conditions for the location of the lines, plants or systems affected as to it may seem just and reasonable.
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To quickly assess the difficulty of the text, read a short excerpt:
Sec. 49. The commission shall have power, after hearing, to require any or all public utilities to carry a proper and adequate depreciation account in accordance with such rules, regulations and forms of account as the commission may pre- scribe. The commission may, from time to time, ascertain and determine and by order fix the proper and adequate rates of depreciation of the several classes of property of each public utility. Each public utility shall conform its depreciation (Amended by chap...ter 553, approved June 14, ^^^^-Y^ r\r\0]p^ — 33 — accounts to the rates so ascertained, determined and fixed, and shall set aside the moneys so provided for out of earnings and carry the same in a depreciation fund and expend such fund only for such purposes and under such rules and regulations, both as to original expenditure and subsequent replacement as the commission may prescribe. The income from invest- ments of moneys in such fund shall likewise be carried in such fund.
Sec. 50. (a) No street railroad corporation, gas corpora- tion, electrical corporation, telephone corporation or water corporation shall henceforth begin the construction of a street railroad, or of a line, plant or system, or of any extension of such street railroad, or line, plant, or system, without having first obtained from the commission a certificate that the pres- ent or future public convenience and necessity require or will require such construction; provided, that this section shall riot be construed to require any such corporation to secure such certificate for an extension within any city and county or city or town within which it shall have theretofore lawfully com- menced operations, or for an extension into territory either within or without a city and county or city or town, contiguous to its street railroad, or line, plant or system, and not thereto- fore served by a public utility of like character, or for an ex- tension within or to territory already served by it, necessary in the ordinary course of its business; and provided, further, that if any public utility, in constructing or extending its line, plant, or system, shall interfere or be about to interfere with the operation of the line, plant or system of any other public utility, already constructed, the commission, on com- plaint of the public utility claiming to be injuriously ajBfected, may, after hearing, make such order and prescribe such terms and conditions for the location of the lines, plants or systems affected as to it may seem just and reasonable.
What to read after Public Utilities Act of the State of California And Related Constitutional ...?
You can find similar books in the "Read Also" column, or choose other free books by California Public Utilities Commission to read onlineMoreLess
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