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Michie's Legal Resources

(a)  Voluntary or mandatory.- The Commission may require that a deferral of expenses under a rate stabilization plan be either voluntary or mandatory if the Commission finds that the required type of deferral is in the public interest. 

(b)  Security for deferral.- The rate stabilization plan may provide that a deferral shall be secured through the issuance of rate stabilization bonds authorized by a qualified rate order under this part. 

 

[2006 Sp. Sess., ch. 5, § 1.] 

 
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