Statute · California Public Utilities Code
Cal. Pub. Util. Code § 845 — Financing of Transition Costs
Cal. Pub. Util. Code § 845
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 1996-09-24
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Any successor to the electrical corporation, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding, or pursuant to any merger, sale, or transfer, by operation of law, or otherwise, shall perform and satisfy all obligations of the electrical corporation pursuant to…
Citator
Cal. Pub. Util. Code § 845 — Financing of Transition Costs is in force in the current edition of the Code, and nothing recorded condemns it.
Any successor to the electrical corporation, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding, or pursuant to any merger, sale, or transfer, by operation of law, or otherwise, shall perform and satisfy all obligations of the electrical corporation pursuant to this article in the same manner and to the same extent as the electrical corporation, including, but not limited to, collecting and paying to the holders of rate reduction bonds or their representatives or the applicable financing entity revenues arising with respect to the transition property sold to the applicable financing entity or pledged to secure rate reduction bonds.