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Cal. Pub. Util. Code § 848.7

Financing Utility Recovery

Known as the Public Utilities Act

The act spans §§ 201–2120 (1,026 sections).

Added by Stats. 2004, Ch. 46, Sec. 5

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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.