§ 80506. — 80506. (Amended by Stats. 2025, Ch. 119, Sec. 68.)

As used in this division, unless the context otherwise requires, all of the following terms have the following meanings:
(a)
“Account” means the Continuation Account created pursuant to Section 3298 of the Public Utilities Code. This subdivision shall become operative upon all large electrical corporations electing to participate in the account pursuant to Section 3299 of the Public Utilities Code.
(b)
“Administrator” has the same meaning as defined in Section 3280 of the Public Utilities Code.
(c)
“Bonds” means bonds, notes, or other evidences of indebtedness issued solely for purposes of supporting the Wildfire Fund or the account and other related expenses incurred by the department pursuant to this division, or for reimbursing expenditures from the fund or the Wildfire Fund
or the account for those purposes; repaying to the Surplus Money Investment Fund any loans made to the Wildfire Fund; establishing or maintaining reserves in connection with the bonds; costs of issuance of bonds or incidental to their payment or security; capitalized interest; or renewing or refunding any bonds.
(d)
“Commission” means the Public Utilities Commission.
(e)
“Electrical corporation” means a large electrical corporation, as defined in Section 3280 of the Public Utilities Code, that participates in the Wildfire Fund or the account, as appropriate.
(f)
“Fund” means the Department of Water Resources Charge Fund established by Section 80550.
(g)
“Wildfire Fund” has the same meaning as defined in Section 3280 of the Public Utilities Code.

Legislative History

Amended by Stats. 2025, Ch. 119, Sec. 68. (SB 254) Effective September 19, 2025.