BILL NUMBER: SB 797 AMENDED BILL TEXT AMENDED IN SENATE APRIL 12, 1999 INTRODUCED BYSenator CostaSenators Costa and Bowen FEBRUARY 25, 1999 An actto amend Sections 851 and 853 of the Public Utilities Code,relating to public utilities. LEGISLATIVE COUNSEL'S DIGEST SB 797, as amended, Costa. Public utilities: property. Existing law requires a public utility other than a specified common carrier to secure authorization from the Public Utilities Commission before disposing of or encumbering certain property necessary or useful in the performance of its duties to the public, or any related franchise, permit, or right. Existing law states that the above provision shall not prevent the disposition by any public utility of property that is not necessary or useful in the performance of its duties to the public, and any disposition of property by a public utility shall be conclusively presumed to be of property that is not useful or necessary in the performance of its duties to the public. Existing law authorizes the commission, by order or rule, to exempt any public utility or class of public utility from provisions governing the disposal of utility property, as prescribed. This bill wouldmodify those provisions relating to the disposal of public utility property to apply only to property necessary in the performance of duties of the public utility to the public, or any related franchise, permit, or right. The bill would require the commission, on or before July 1, 2000, to designate, by rule or order, categories of public utility property that a public utility may sell, lease, or otherwise dispose of or encumber, as determined to be necessary by that public utility, without further approvalstate the intent of the Legislature to establish a comprehensive process and standards to govern the disposition and future operation of utility-owned hydroelectric facilities and associated properties, addressing specified issues . The bill would become operative only if Senate Bill 1063 of the 1999-2000 Regular Session is enacted and becomes operative. Vote: majority. Appropriation: no. Fiscal committee:yesno . State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:SECTION 1. (a) The Legislature finds and declaresSECTION 1. (a) It is the intent of the Legislature to establish a comprehensive process and standards to govern the disposition and future operation of utility-owned hydroelectric facilities and associated properties. (b) It is the further intent of the Legislature that the process and standards described in subdivision (a) address all of the following issues: (1) The appropriate valuation and credit towards transition costs. (2) The exercise of market power in electricity generation and ancillary services. (3) Water supply and water quality. (4) Environmental protection. (5) Recreation. (6) Economic impacts. SEC. 2. This act shall become operative only if Senate Bill 1063 of the 1999-2000 Regular Session is enacted and becomes operative.all of the following: (1) In enacting electric industry restructuring legislation in 1996 (Chapter 854 of the Statutes of 1996), the Legislature found and declared that competition will encourage innovation, efficiency, and better service in certain electricity markets, and will permit the reduction of costly regulatory oversight. (2) The same state policies regarding the benefits of competition that are applicable to electric power also apply to certain natural gas utility services. (3) The Public Utilities Commission needs to implement reforms of its regulatory procedures to secure to state consumers and businesses the full benefits of competition in the sale and disposition of surplus utility assets in light of electric and gas industry restructuring and other changes in electric and gas utility services. (b) It is the intent of the Legislature in enacting this act to ensure that the Public Utilities Commission streamlines its processes for the sale and disposition of electric and gas utility assets that are no longer necessary for utility service or that would be better utilized through sale or disposition. It is the further intent of the Legislature in enacting this act that the determination by the Public Utilities Commission of new regulatory procedures for the sale and disposition of those assets should be expedited and implemented as soon as possible, to benefit consumers and the marketplace. SEC. 2. Section 851 of the Public Utilities Code is amended to read: 851. (a) No public utility other than a common carrier by railroad subject to Part I of the federal Interstate Commerce Act ( 49 U.S.C. Sec. 10101 and following) shall sell, lease, assign, mortgage, or otherwise dispose of or encumber the whole or any part of its railroad, street railroad, line, plant, system, or other property necessary in the performance of its duties to the public, or any franchise or permit or any right thereunder, nor by any means whatsoever, directly or indirectly, merge or consolidate its railroad, street railroad, line, plant, system, or other property, or franchises or permits or any part thereof, with any other public utility, without first having secured from the commission an order authorizing it so to do. Every sale, lease, assignment, mortgage, disposition, encumbrance, merger, or consolidation made other than in accordance with the order of the commission authorizing it is void. The permission and approval of the commission to the exercise of a franchise or permit under Article 1 (commencing with Section 1001) of Chapter 5 of this part, or the sale, lease, assignment, mortgage, or other disposition or encumbrance of a franchise or permit under this article shall not revive or validate any lapsed or invalid franchise or permit, or enlarge or add to the powers or privileges contained in the grant of any franchise or permit, or waive any forfeiture. (b) Nothing in this section shall prevent the sale, lease, encumbrance or other disposition by any public utility of property that is not necessary in the performance of its duties to the public, and any disposition of property by a public utility shall be conclusively presumed to be of property that is not necessary in the performance of its duties to the public, as to any purchaser, lessee or encumbrancer dealing with the property in good faith for value. Nothing in this section applies to the interchange of equipment in the regular course of transportation between connecting common carriers. SEC. 3. Section 853 of the Public Utilities Code is amended to read: 853. (a) This article does not apply to any person or corporation that transacts no business subject to regulation under this part, except performing services or delivering commodities for or to public utilities or municipal corporations or other public agencies primarily for resale or use in serving the public or any portion thereof, but shall apply to any public utility, and any subsidiary or affiliate of, or corporation holding a controlling interest in, a public utility, if the commission finds, in a proceeding to which the public utility is or may become a party, that the application of this article is required by the public interest. (b) The commission may , by order or rule, and subject to those terms and conditions prescribed therein, exempt any public utility or class of public utility from this article if the commission finds that the application of this article with respect to the public utility or class of public utility is not necessary to protect the public interest. The commission may establish rules or impose requirements that it determines to be necessary to protect the interest of the customers or subscribers of the public utility or class of public utility exempted under this subdivision. These rules or requirements may include, but are not limited to, notification of a proposed sale or transfer of assets or stock and provision for refunds or credits to customers or subscribers. (c) On or before July 1, 2000, the commission, by rule or order, shall designate categories of public utility property that a public utility may sell, lease, or otherwise dispose of or encumber, as determined to be necessary by that public utility, without further approval pursuant to this article.