Energy Transition Property definition

Energy Transition Property means the contract right constituting

Energy Transition Property means all energy transition property as defined in Section 2(I) of the Energy Transition Act created pursuant to the Financing Order and under the Energy Transition Act, including the right to impose, charge, collect and receive the Energy Transition Charges in an amount necessary to provide for full payment and recovery of all energy transition costs identified in the Financing Order, the right under the Financing Order to obtain periodic adjustments of the Energy Transition Charges, and all revenues or other proceeds arising from those rights and interests.

Energy Transition Property means all of Seller’s rights and interest under the Financing Order (including, without limitation, rights to impose, collect and receive the “energy transition charges” (as defined in the Securitization Act) approved in such Financing Order) issued by the Louisiana Commission on November 27, 2024 (Docket No. U-37213) pursuant to the Securitization Act, together with any and all of the other property described in the Bill of Sale, except the rights of Seller to earn and receive a rate of return on its invested capital in the Issuer, to receive administration and servicer fees and expenses, to withdraw funds from its restricted energy transition reserve funded by the proceeds from the sale of the Energy Transition Property and to recover additional energy transition costs (as described in the Revenue Requirement Order), or to use the Seller’s remaining portion of those proceeds, and to recover the DHPS Carrying Charge.

Examples of Energy Transition Property in a sentence

• Not applicable; no removals or substitutions of Energy Transition Property are contemplated or allowed under the transaction documents.

• The Servicer shall promptly report to the Issuer, the Trustee and the Rating Agencies any material failure on its part to hold the Energy Transition Property Documentation and maintain its accounts, records and computer systems as herein provided and promptly take appropriate action to remedy any such failure.

• The Servicer shall maintain the Energy Transition Property Documentation at 0000 Xxxxxxx Xxxxx Road, Pineville, Louisiana or at such other office as shall be specified to the Issuer and to the Trustee by written notice at least thirty (30) days prior to any change in location.

• Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to such terms in the Energy Transition Property Servicing Agreement (the “Agreement”).

• Nothing herein shall be deemed to require an initial review or any periodic review by the Issuer or the Trustee of the Energy Transition Property Documentation.

• The Trustee, with the written consent of the Majority Holders, may waive in writing in whole or in part any default by the Servicer in the performance of its obligations hereunder and its consequences, except a default in making any required remittances to the Trustee of ETC Collections from Energy Transition Property in accordance with Section 6.12.

• The Servicer’s duties to hold the Energy Transition Property Documentation set forth in this Section 5.02, to the extent such Energy Transition Property Documentation has not been previously transferred to a successor Servicer, shall terminate one year and one day after the earlier of the date on which (i) the Servicer is succeeded by a successor Servicer in accordance with ARTICLE VII and (ii) the first date on which no Energy Transition Bonds are Outstanding.

• The Servicer shall follow such customary and usual practices and procedures as it shall deem necessary or advisable in its servicing of all or any portion of the Energy Transition Property, which, in the Servicer’s judgment, may include the taking of legal action pursuant to Section 5.02(d) hereof or otherwise.

• The Servicer shall hold the Energy Transition Property Documentation on behalf of the Issuer and maintain such accurate and complete accounts, records and computer systems pertaining to the Energy Transition Property Documentation as shall enable the Issuer and the Trustee, as applicable, to comply with this Agreement, the Sale Agreement and the Indenture.

• In addition, at least once each year, the Servicer shall notify such Customers, in effect, that the Energy Transition Property and the Energy Transition Charges are owned by the Issuer (or its assignee) and not the Seller and that the Servicer is merely the collection agent for the Issuer (or its assignee or pledgee).

More Definitions of Energy Transition Property

Energy Transition Property means all of Seller’s rights and interest under the Financing Order (including, without limitation, rights to impose, collect and receive the “energy transition charges” (as defined in the Securitization Act) approved in such Financing Order) issued by the LPSC on November 27, 2024 (Docket No. U-37213) pursuant to the Securitization Act, together with any and all other property described in the Bill of Sale, except the rights of Seller to earn and receive a rate of return on its invested capital in the Issuer, to receive administration and servicer fees and expenses, to withdraw funds from its restricted energy transition reserve funded by the proceeds from the sale of the Energy Transition Property, and to recover additional energy transition costs (as described in the Revenue Requirement Order), or to use the Seller’s remaining portion of those proceeds and to recover the DHPS Carrying Charge.

Energy Transition Property which includes the “Energy Transition Charges” (hereinafter, the “Energy Transition Property” and the “Energy Transition Charges”); and

Energy Transition Property means the rights and interests of a qualifying utility or an assignee under a financing order for full payment and recovery of all energy transition costs identified in the financing order, including all revenues or other proceeds arising from those rights and interests;

Energy Transition Property means the rights and interests of a qualifying utility or an assignee under a financing order, including the right to impose, charge, collect and receive energy transition charges in an amount necessary to provide for full payment and recovery of all energy transition costs identified in the financing order, including all revenues or other proceeds arising from those rights and interests;