California Public Utilities Code ARTICLE 5.6 - Financing Utility Recovery

• Section 848.
  For the purposes of this article, the following terms shall have the following meanings:(a) “Consumer” means any individual, governmental body, trust, business entity or nonprofit organization...
• Section 848.1.
  (a) No later than 120 days after the effective date of this article, and from time to time thereafter, the recovery corporation shall apply to the...
• Section 848.2.
  (a) The financing entity may issue recovery bonds upon approval by the commission in the pertinent financing orders. Recovery bonds shall be nonrecourse to the credit...
• Section 848.3.
  (a) A security interest in recovery property is valid, is enforceable against the pledgor and third parties, subject to the rights of any third parties holding...
• Section 848.4.
  (a) A transfer of recovery property by the recovery corporation to an affiliate or to a financing entity, or by an affiliate of the recovery corporation...
• Section 848.5.
  Any successor to the recovery corporation, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding, or pursuant to any merger, sale, or transfer, by...
• Section 848.6.
  The authority of the commission to issue financing orders pursuant to Section 848.1 shall expire on December 31, 2006. The expiration of the authority shall...
• Section 848.7.
  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...
• Section 848.8.
  Notwithstanding any other law, regulations adopted to implement this article are not subject to the rulemaking provisions of the Administrative Procedure Act (Chapter 3.5 (commencing...

Last modified: October 22, 2018