ARTICLE 5.8. Catastrophic Wildfire and Ratepayer Protection Financing

Heading of Article 5.8 amended by Stats. 2019, Ch. 79, Sec. 8.

§§ 850–850.8 · 9 sections

• § 850 (a) This article applies in any of the following circumstances: (1) If an electrical corporation applies to the commission for recovery of costs and expenses…
• § 850.1 (a) If an electrical corporation files for recovery of recovery costs and the commission finds some or all of those costs and expenses to be just and…
• § 850.2 (a) The financing entity may issue recovery bonds upon approval by the commission in a financing order. Recovery bonds shall be nonrecourse to the credit or…
• § 850.3 (a) A security interest in recovery property is valid, is enforceable against the pledgor and third parties, is subject to the rights of any third parties…
• § 850.4 (a) A transfer of recovery property by the electrical corporation to an affiliate or to a financing entity, or by an affiliate of the electrical corporation or…
• § 850.5 Any successor to the electrical corporation, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding, or pursuant to any merger,…
• § 850.6 The authority of the commission to issue financing orders pursuant to Section 850.1 shall expire on December 31, 2035. The expiration of the authority shall…
• § 850.7 (a) Notwithstanding subdivision (e) of Section 850.1, if, subsequent to the issuance of a financing order, an electrical corporation receives additional…
• § 850.8 This article shall not affect any civil action or proceeding.