Gov. Code, § 16428.1 · Article 9.5. Ratepayer Relief Fund
Gov. Code, § 16428.1
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The Legislature finds and declares all of the following:
(a) Ratepayers and the state’s economy have been harmed by improper and unfair energy market manipulation that has resulted in overcharging for electricity and natural gas.
(b) The purpose of the act adding this section is to ensure that any funds paid to the state as a result of energy litigation are used for the following purposes:
(1) To reimburse state funds for, or to finance, litigation and investigation expenses.
(2) To reduce ratepayer costs of those utility ratepayers harmed by the actions of the defendants.
(3) To reduce or pay debt service on the bonds issued pursuant to Division 27 (commencing with Section 80000) of the Water Code.
Notes and commentary — not statutory text
History
Added by Stats. 2003, Ch. 228, Sec. 16. Effective August 11, 2003.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16428.1.
- Text hash
- sha256 8ebf7a472a770b9eeb5d1d3fea5482994eefee0c7662cbc3e34cd4eaefe1813a
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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