Section 377 Of Article 6. Requirements For The Public Utilities Commission From California Public Utilities Code >> Division 1. >> Part 1. >> Chapter 2.3. >> Article 6.
377
. The commission shall continue to regulate the facilities for
the generation of electricity owned by any public utility prior to
January 1, 1997, that are subject to commission regulation until the
owner of those facilities has applied to the commission to dispose of
those facilities and has been authorized by the commission under
Section 851 to undertake that disposal. Notwithstanding any other
provision of law, no facility for the generation of electricity owned
by a public utility may be disposed of prior to January 1, 2006. The
commission shall ensure that public utility generation assets remain
dedicated to service for the benefit of California ratepayers.