278.682 Securitized surcharges to be line-itemed on customer billing.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)If the commission has approved an electric utility's financing order and

securitization bonds are issued on the electric utility's behalf, the electric utility

shall:

(a)Explicitly state on the customer's bill the portion of securitized surcharges

applicable to the rate class as approved in the financing order issued to the

electric utility; and

(b)Include the securitized surcharge on each customer's bill as a separate line

item and include both the base rate for the customer's electricity and the

amount of the surcharge.

(2)If the securitized property has been transferred to an assignee, the customer bill

shall include a statement that the assignee is the owner of the rights to securitized

surcharges, and the electric utility or other entity, if applicable, is acting as a

collection agent or servicer for the assignee.

(3)Each tariff of the electric utility with a commission-approved financing order shall

indicate the applicable securitized surcharge and the ownership of the surcharge.