None of the new members of the California Public Utilities Commission and California Energy Commission hold investments in utility companies or other firms directly involved in the business of buying and selling energy, according to recently filed financial disclosure documents. Salaries were the main source of income for CPUC members Mike Florio and Catherine Sandoval, as well as new California Energy Commission member Carla Peterman. Investments made for financial gain were minor, according to the Form 700 filings they made with the Fair Political Practices Commission. State law requires policy makers, and those named to public agency boards, to reveal their sources of income and investments. To avoid conflicts of interest, it also forbids them from casting votes in their public post on matters that would “affect their personal economic interests.” Energy Commission chair Bob Weisenmiller’s disclosure, filed when he left the agency prior to his reappointment by the new governor, also showed that his key source of income is salary related.
