Article XII company is a term used to refer to a type of business entity that is formed under Article XII of the California Constitution. This type of company is typically formed for the purpose of conducting agricultural, viticultural, horticultural, dairy, livestock, or any other related business. Article XII: Companies are subject to specific regulations and requirements outlined in the California Constitution and are often associated with the agricultural industry in the state.
Article XII Company refers to a type of business entity that is governed by Article XII of the California Constitution. This article allows for the formation of companies engaged in the production, distribution, or transmission of electricity, gas, or water. These companies are subject to regulation by the California Public Utilities Commission (CPUC) and are granted certain privileges and responsibilities.
Under Article XII, a company must obtain a certificate of public convenience and necessity from the CPUC before commencing operations. This certificate ensures that the company meets certain criteria, including financial stability, technical competence, and the ability to provide reliable and affordable services to the public.
Article XII: Companies are granted the power of eminent domain, which allows them to acquire private property for public use, such as the construction of power lines or pipelines. However, this power is subject to strict regulations and oversight by the CPUC to protect the rights of property owners.
These companies are also required to provide safe and reliable services to the public at reasonable rates. The CPUC has the authority to regulate and set these rates, ensuring that they are fair and reasonable for both the company and consumers.
In summary, Article XII Company refers to a business entity engaged in the production, distribution, or transmission of electricity, gas, or water in California. These companies are subject to regulation by the CPUC and must obtain a certificate of public convenience and necessity before operating. They have the power of eminent domain but are required to provide safe and reliable services at just and reasonable rates.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 11th April 2024.
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