Common use of CPUC Approval of Accounting Rules Clause in Contracts

CPUC Approval of Accounting Rules. The Settling Claimants acknowledge and agree that the CPUC has jurisdiction over the rate treatment and accounting for any Consideration received by investor-owned California Gas or Electric Power public utilities. Accordingly, as soon as practicable after the date of this Agreement, the CPUC shall conduct proceedings and issue a decision adopting rules governing the California public utilities’ accounting treatment for any Consideration they receive, including how that Consideration shall be allocated for the benefit of their ratepayers.

CPUC Approval of Accounting Rules. The Settling Claimants acknowledge and agree that the CPUC has jurisdiction over the rate treatment and accounting for any Consideration received by investor-owned California Gas or Electric Power public utilities. Accordingly, as soon as practicable after the date of this Agreement, the CPUC shall conduct proceedings and issue a decision adopting rules governing the California public utilities’ ' accounting treatment for any Consideration they receive, including how that Consideration shall be allocated for the benefit of their ratepayers.