The commission shall inspect and audit the books and records for regulatory and tax purposes (1) at least once every three years in the case of every electrical, gas, heat, telegraph, telephone, and water corporation serving over 1,000 customers, and (2) at least once every five years in the case of every electrical, gas, heat, telegraph, telephone, and water corporation serving 1,000 or fewer customers. An audit conducted in connection with a rate proceeding shall be deemed to fulfill the requirements of this section. The commission shall post reports of the inspections and audits and other pertinent information on its Internet Web site.
(Amended by Stats. 2016, Ch. 805, Sec. 3. (AB 2168) Effective January 1, 2017.)
Last modified: October 25, 2018