§ 45:1326 — Full authority

§1326. Full authority
A. The provisions of this Part shall be deemed to be complete, additional, and
alternative authority and to provide the full method for the exercise of the powers herein
granted and accomplishment of the things authorized hereby and shall be regarded as
supplemental and additional to powers conferred by other laws. This Part and all powers
granted hereby shall be liberally construed to effectuate its and their purposes. All rights and
powers herein granted by this Part shall be cumulative with those derived from other sources
and shall not, except as expressly stated herein, be construed in limitation thereof. In issuing
system restoration bonds, an issuer may avail itself of the provisions of the statutes and the
Constitution of Louisiana applicable to that issuer. This Part establishes a supplemental
method of financing and does not limit the right of a utility to finance or otherwise recover
system restoration costs by other methods as may be approved pursuant to the commission's
legal authority instead of a financing order issued under this Part.
B. To the extent that the commission has made a determination of eligible system
restoration costs of a utility before the effective date of this Part, that determination may
provide the basis for the utility's application for a financing order pursuant to this Part.
Further, to the extent that a utility has made application for a determination of eligible system
restoration costs before the effective date of this Part, that application may provide the basis
in part for the commission's financing order pursuant to this Part.

Legislative History

Acts 2007, No. 55, §3, eff. June 18, 2007; Acts 2021, No. 293, §4, eff. June 14, 2021.