Article 2. Board Of Directors of California Public Utilities Code >> Division 1.5. >> Chapter 3. >> Article 2.

(a) The authority shall be governed by a five-member board of directors that shall consist of the following persons:
  (1) Four individuals appointed by the Governor, subject to confirmation by the Senate. These four members shall have considerable experience in power generation, natural gas transportation or storage, energy conservation, financing, or ratepayer advocacy.
  (2) The State Treasurer.
  (b) (1) For the initial term, the appointed members shall serve staggered terms as follows:
  (A) The member appointed first shall serve a term of four years.
  (B) The member appointed second shall serve a term of three years.
  (C) The member appointed third shall serve a term of two years.
  (D) The member appointed fourth shall serve a term of one year.
  (2) The second and any subsequent terms shall be for four years.
  (c) A quorum is necessary for any action to be taken by the board. Three of the members shall constitute a quorum, and the affirmative vote of three board members shall be necessary for any action to be taken by the board.
  (d) (1) The chairperson of the board shall be appointed by the Governor. This position shall be a full-time, paid position.
  (2) Except as provided in this subdivision, the members of the board shall serve without compensation, but shall be reimbursed for actual and necessary expenses incurred in the performance of their duties to the extent that reimbursement for these expenses is not otherwise provided or payable by another public agency, and shall receive one hundred dollars ($100) for each full day of attending meetings of the authority.
(a) The members of the board shall be subject to the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)) of the Government Code, and all other applicable provisions of law.
  (b) The board may purchase insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if the insurance permits recourse by the insurer against the fiduciary in the case of a breach of a fiduciary obligation by the fiduciary.
Meetings of the board shall be open to the public and shall be conducted in accordance with the Bagley-Keene Open Meeting Act (Article 9 (commencing with Section 11120) of Chapter 1 of Part 1 of Division 3 of Title 2 of the Government Code).
The California Public Records Act (Chapter 3.5 (commencing with Section 6250) of Division 7 of Title 1 of the Government Code) applies to all records of the authority.