ARTICLE 5.6. Financing Utility Recovery [848. - 848.8.]

Article 5.6 added by Stats. 2004, Ch. 46, Sec. 5.

§§ 848–848.8 · 9 sections

• § 848 For the purposes of this article, the following terms shall have the following meanings: (a) “Consumer” means any individual, governmental body, trust,…
• § 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 commission…
• § 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…
• § 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…
• § 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 or a…
• § 848.5 Any successor to the recovery corporation, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding, or pursuant to any merger, sale,…
• § 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…
• § 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…
• § 848.8 Notwithstanding any other law, regulations adopted to implement this article are not subject to the rulemaking provisions of the Administrative Procedure Act…