Statute · California Public Utilities Code
Cal. Pub. Util. Code § 3446 — GOLDEN STATE ENERGY FINANCING POWER
Cal. Pub. Util. Code § 3446
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2021-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
While any indebtedness issued by or on behalf of Golden State Energy remains outstanding, the State of California pledges to the holders of any such indebtedness that the state will not limit or alter the rights vested in Golden State Energy to fulfill the terms of any loan agreement, lease, or…
Citator
Cal. Pub. Util. Code § 3446 — GOLDEN STATE ENERGY FINANCING POWER is in force in the current edition of the Code, and nothing recorded condemns it.
While any indebtedness issued by or on behalf of Golden State Energy remains outstanding, the State of California pledges to the holders of any such indebtedness that the state will not limit or alter the rights vested in Golden State Energy to fulfill the terms of any loan agreement, lease, or other contract with the holders of such indebtedness, or in any way impair the rights or remedies of those holders or of the parties to the related loan agreement, lease, or contract. Golden State Energy may include this pledge in any instrument under which that indebtedness is incurred or issued or other documents entered into in connection with that indebtedness as a covenant for the benefit of the holders thereof.