California § 848.7. 848.7. (Added by Stats. 2004, Ch. 46, Sec. 5.)

California Statutes

§ 848.7. — 848.7. (Added by Stats. 2004, Ch. 46, Sec. 5.)

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. 5.6. ARTICLE 5.6. Financing Utility Recovery

Notwithstanding subdivision (g) of Section 848.1, the  commission shall credit ratepayers, in a manner to be determined by the commission, with the net after tax amount of any payments, offsets, or other credits the recovery corporation actually receives from generators of electricity or other energy suppliers that would have reduced the unamortized balance of the recovery corporation’s regulatory asset created under the commission’s Decision No. 03-12-035 but for the prior issuance of recovery bonds.

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Notwithstanding subdivision (g) of Section 848.1, the commission shall credit ratepayers, in a manner to be determined by the commission, with the net after tax amount of any payments, offsets, or other credits the recovery corporation actually receives from generators of electricity or other energy suppliers that would have reduced the unamortized balance of the recovery corporation’s regulatory asset created under the commission’s Decision No. 03-12-035 but for the prior issuance of recovery bonds.

California § 848.7. (848.7. (Added by Stats. 2004, Ch. 46, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.