ARTICLE 5.5. Financing of Transition Costs

Article 5.5 added by Stats. 1996, Ch. 854, Sec. 11.

§§ 840–847 · 9 sections

• § 840 For the purposes of this article, the following terms shall have the following meanings: (a) “Bank” means the California Infrastructure and Economic…
• § 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…
• § 842 (a) Financing entities may issue rate reduction bonds upon approval by the commission in the pertinent financing orders. Rate reduction bonds shall be…
• § 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…
• § 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 or…
• § 845 Any successor to the electrical corporation, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding, or pursuant to any merger,…
• § 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 have no…
• § 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…
• § 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…