Section 12825 Of Article 5. Utility Works And Service From California Public Utilities Code >> Division 6. >> Chapter 6. >> Article 5.
12825
. (a) A district furnishing light, heat, or power may engage
in activities to reduce wasteful, uneconomical or unnecessary uses of
energy, including, but not limited to, public information programs,
the sale of insulation, the sale, rental and lease of materials or
equipment for the purpose of conserving energy or reducing the need
for the installation of electric generating facilities, and the
adoption of voluntary and mandatory load management programs, and may
also engage in activities to accelerate and participate in the
development of alternative sources of energy including, but not
limited to, the supply of equipment for use in connection therewith,
and may do all things necessary or convenient to the full exercise of
the powers herein granted. The interest rates charged on extended
payment contracts for such materials or equipment shall not exceed
that necessary to cover the district's full cost of money plus its
administrative costs and anticipated losses due to nonpayment on such
contracts.
(b) This section does not constitute a change in, but is
declaratory of, the existing law.