California Statutes
§ 360.5. — 360.5. (Added by Stats. 2001, 1st Ex. Sess., Ch. 4, Sec. 2.)
California·Code PUC Public Utilities Code - PUC·Div. 1. DIVISION 1. REGULATION OF PUBLIC UTILITIES·Part 1. PART 1. PUBLIC UTILITIES ACT·Ch. 2.3. CHAPTER 2.3. Electrical Restructuring·Art. 6. ARTICLE 6. Requirements for the Public Utilities Commission
The commission shall determine that portion of each existing electrical corporation’s retail rate effective on January 5, 2001, that is equal to the difference between the generation related component of the retail rate and the sum of the costs of the utility’s own generation, qualifying facility contracts, existing bilateral contracts, and ancillary services. That portion of the retail rate shall be known as the California Procurement Adjustment. The commission shall further determine the amount of the California Procurement Adjustment that is allocable to the power sold by the department. That amount shall be payable, by each electrical corporation, upon receipt by the electrical corporation of the revenues from its retail end use customers, to the department for deposit in the Depart
Free access — add to your briefcase to read the full text and ask questions with AI
California § 360.5. (360.5. (Added by Stats. 2001, 1st Ex. Sess., Ch. 4, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2001, 1st Ex. Sess., Ch. 4, Sec. 2. Effective February 1, 2001.