Carbon reduction property definition
Carbon reduction property means all of the following:
Carbon reduction property means the right to collect carbon reduction charges and all revenues and proceeds arising from such rights. The state pledges it will not take or permit any action that impairs the value of carbon reduction property. The electrical company's right to the property accrues at the moment that it is designated in the financing order. Additional provisions regulate the sale, transfer, priority, conveyance, assignment, and perfection of security interests in carbon reduction property.
Carbon reduction property means the right specified in a financing order to collect carbon reduction charges and all revenues and proceeds arising from this right. Carbon reduction property specified in a financing order is "a present property right" that exists at the time the financing order is issued, regardless of whether carbon reduction charges are ever assessed and collected from ratepayers. The state "pledges" it will not take or permit any action that impairs the value of carbon reduction property. Additional provisions regulate the sale, transfer, priority, conveyance, assignment, and perfection of security interests in carbon