Public Utilities and Carriers

Public Utilities Commission

SECTION 39-1-52

§ 39-1-52 No effect on other industry restructuring provisions.

The provisions of §§ 39-1-43 – 39-1-60, inclusive, are not intended to alter the provisions of law set forth in §§ 39-1-27 – 39-1-27.6, inclusive, and other provisions enacted through the Utility Restructuring Act of 1996; provided, however, that intangible transition charges authorized through the issuance of a securitization order shall be paid by all customers of the applicant electric distribution company in lieu of the applicable portion of the original transition charges that were authorized by § 39-1-27.4. In the event that only a portion of the original transition charges are being securitized through the securitization order, the components of the intangible transition charges and the remaining original transition charges will be accounted for separately for purposes of implementing the financing plan approved by the commission and performing any reconciliations thereof; provided, however, for purposes of § 39-3-37.3, the aggregate amount of the components may be billed as one "transition charge" on bills sent to customers.

History of Section.
(P.L. 1997, ch. 142, § 1.)