§ 845. — 845. (Added by Stats. 1996, Ch. 854, Sec. 11.)

California § 845.

• Jurisdiction: California
• Code PUC: Public Utilities Code - PUC
• Div. 1.: DIVISION 1. REGULATION OF PUBLIC UTILITIES
• Part 1.: PART 1. PUBLIC UTILITIES ACT
• Ch. 4.: CHAPTER 4. Regulation of Public Utilities
• Art. 5.5.: ARTICLE 5.5. Financing of Transition Costs

Text

Any successor to the electrical corporation, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding, or pursuant to any merger, sale, or transfer, by operation of law, or otherwise, shall perform and satisfy all obligations of the electrical corporation pursuant to this article in the same manner and to the same extent as the electrical corporation, including, but not limited to, collecting and paying to the holders of rate reduction bonds or their representatives or the applicable financing entity revenues arising with respect to the transition property sold to the applicable financing entity or pledged to secure rate reduction bonds.

Legislative History

Added by Stats. 1996, Ch. 854, Sec. 11. Effective September 24, 1996.