California Public Utilities Code

§ 848.7

PUC § 848.7 Effective Jun 7, 2004Div. 1 · Part 1 · Ch. 4 · Art. 5.6

Statute text

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.

Legislative history

Added by Stats. 2004, Ch. 46, Sec. 5. Effective June 7, 2004.