Section 846.2 Of Article 5.5. Financing Of Transition Costs From California Public Utilities Code >> Division 1. >> Part 1. >> Chapter 4. >> Article 5.5.
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 368 prior to July 15, 1999, the
commission may order a fair and reasonable credit to ratepayers of
any excess rate reduction bond proceeds.
(b) "Excess rate reduction bond proceeds," as used in this
section, means proceeds from the sale of rate reduction bonds
authorized by commission financing orders issued pursuant to this
article that are subsequently determined by the commission to be in
excess of the amounts necessary to provide the 10-percent rate
reduction during the period when the rates were frozen pursuant to
subdivision (a) of Section 368.