Secretary of State No.
PETROLEUM INDUSTRY REGULATION - INITIATIVE STATUTE Adds Public Utilities Code section making designated petroleum industry members public utilities subject to regulation by Public Utilities Commission, effective July 1, 1975. Limits annual retail sales of gasoline or other motor vehicle fuel by regulated utility to public through service stations (other than independent service stations, including those operating under leases or franchises) to the greater of either total gallonage sold through the utility's stations or ten percent of all gallonage sold by the utility through all service stations during year ending March 15, 1974. Permits legislative amendment by two-thirds vote of both houses. If the proposed initiative is adopted, undefined additional financing from state sources in the approximate amount of $2,000,000 to $3,000,000 per year will be required.
James R. Mills, Room 5100, State Capitol, Sacramento, California 95814
Failed to Qualify
Petroleum Industry Regulation California Initiative 86 (1974).