California Public Utilities Code ARTICLE 5.5 - Financing of Transition Costs

• Section 840.
  For the purposes of this article, the following terms shall have the following meanings:(a) “Bank” means the California Infrastructure and Economic Development Bank.(b) “Financing entity” means the...
• Section 841.
  (a) An electrical corporation shall, by June 1, 1997, and may from time to time thereafter apply to the commission for a determination that certain transition...
• Section 842.
  (a) Financing entities may issue rate reduction bonds upon approval by the commission in the pertinent financing orders. Rate reduction bonds shall be nonrecourse to the...
• Section 843.
  (a) A security interest in transition property is valid, is enforceable against the pledgor and third parties, subject to the rights of any third parties holding...
• Section 844.
  (a) A transfer of transition property by an electrical corporation to an affiliate or to a financing entity, or by an affiliate of an electrical corporation...
• Section 845.
  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...
• Section 846.
  The authority of the commission to issue financing orders pursuant to Section 841 shall expire on June 30, 2022. The expiration of the authority shall...
• Section 846.2.
  (a) Notwithstanding subdivision (c) of Section 841, for any electrical corporation that ended its rate freeze period described in subdivision (a) of Section 368 prior to...
• Section 847.
  Regulations adopted to implement this article shall not be subject to the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of...

Last modified: October 22, 2018