Bondable transition property definition

Bondable transition property means the property consisting of

Bondable transition property means the property consisting of the irrevocable right to charge, collect, and receive, and be paid from collections of, transition bond charges in the amount necessary to provide for the full recovery of bondable stranded costs which are determined to be recoverable in a bondable stranded costs rate order, all rights of the related electric public utility under the bondable stranded costs rate order including, without limitation, all rights to obtain periodic adjustments of the related transition bond charges pursuant to subsection b. of section 15 of P.L.1999, c.23 (C.48:3-64), and all revenues, collections, payments, money, and proceeds arising under, or with respect to, all of the foregoing.

Bondable transition property has the meaning assigned to that term in the Competition Act and the BPU Financing Orders.

Examples of Bondable transition property in a sentence

• Bondable transition property consists of the irrevocable right to impose and collect certain non-bypassable charges (defined in the Competition Act as "transition bond charges") to be included in electric utility bills of all electric service retail customers of Public Service Electric and Gas Company, a New Jersey electric utility.

• Bondable transition property includes the irrevocable right to impose and collect certain non-bypassable charges (defined in the Competition Act as "transition bond charges") to be included in electric utility bills of all electric service retail customers of Jersey Central Power & Light Company, a New Jersey electric utility.

• Bondable transition property represents the irrevocable right under New Jersey law of a utility company to charge, collect and receive from its customers, through a non-bypassable TBC, the principal amount and interest on transition bonds and other fees and expenses associated with their issuance.

• Bondable transition property represents the irrevocable right of a utility company to charge, collect and receive from its customers, through a non-bypassable TBC, the principal amount and interest on the transition bonds and other fees and expenses associated with their issuance.

• Bondable transition property includes the irrevocable right to impose and collect certain non-bypassable charges (defined in the Competition Act as "transition bond charges") to be included in electric utility bills of all electric service retail customers of Public Service Electric and Gas Company, a New Jersey electric utility.

• Bondable transition property represents the irrevocable right under New Jersey law of a utility company to charge, collect and receive from its customers, through a non-bypassable TBC, the principal amount and interest on the transition bonds and other fees and expenses associated with their issuance.

More Definitions of Bondable transition property

Bondable transition property has the meaning assigned to that term in the Competition Act and the Financing Order.

Bondable transition property means the irrevocable right of PSE&G to charge, collect and receive, and be paid from collections of, the transition bond charge in the amount necessary to provide for the full recovery of the bondable stranded costs which have been determined to be recoverable in the Financing Order, all rights of PSE&G under the Financing Order, including, without limitation, all rights to obtain periodic adjustments of the transition bond charge pursuant to the Competition Act, and all revenues, collections, payments, money and proceeds arising under, or with respect to, all of the foregoing.

Bondable transition property means the irrevocable right of ACE to charge, collect and receive, and be paid from collections of, the transition bond charge in the amount necessary to provide for the full recovery of the bondable stranded costs that have been determined to be recoverable in the BPU Financing Orders, all rights of ACE under the BPU Financing Orders, including without limitation all rights to obtain periodic adjustments of the transition bond charge pursuant to the Competition Act, and all revenues, collections, payments, money and proceeds arising under, or with respect to, all of the foregoing.

Bondable transition property means the right, created pursuant to the Competition Act and the BPU Financing Order, to collect transition bond charges, to pay other expenses specified in the indenture and to fund the trust accounts.

Bondable transition property means the property consisting of the irrevocable right to charge, collect, and receive, and be paid from collections of, transition bond