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AB 2578 (2008) c. 552

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AB 2578, c. 552: PUC; procedures and remedies. Enhances the ability of the California Public Utilities Commission (PUC) to collect delinquent fines and restitutions by: (1) giving the PUC judgment creditor status when it issues a fine or penalty against an entity subject to its jurisdiction; (2) allowing the PUC to seek remedies under the Uniform Fraudulent Transfer Act if a company fraudulently transfers assets to avoid paying fines, penalties, or restitution imposed by the PUC; and (3) permitting the PUC to require a company to demonstrate sufficient ability to pay potential penalties, fines, or restitution that may be ordered by the PUC and granting the company the right to an impartial review by an administrative law judge, and providing that utility companies with revenues of greater than $100 million are presumed to be able to pay.