Securitized Bonds means nonrecourse bonds or similar asset-backed securities issued by a special-purpose Subsidiary of the Company which are payable solely from specialized charges authorized by the utility commission of the relevant state in connection with the recovery of (x) stranded regulatory costs, (y) stranded clean air and pension costs and (z) other “Qualified Costs” (as defined in M.C.L. §460.10h(g)) authorized to be securitized by the Michigan Public Service Commission.
Securitized Bonds without duplication, securities, however denominated, that are (i) issued by a Qualified Securitization Bond Issuer, (ii) secured by or otherwise payable from charges authorized by the financing order referred to in clause (a) of the definition of “Qualified Securitization Bond Issuer,” and (iii) non-recourse to the Borrower or any of its Subsidiaries (other than the issuer of such securities).
Securitized Bonds means any nonrecourse bonds or similar asset-backed securities issued by a special-purpose subsidiary of Consumers which are payable solely from specialized charges authorized by the utility commission of the relevant state in connection with the recovery of regulatory assets or other stranded costs.
Examples of Securitized Bonds in a sentence
Atmos Energy shall endeavor to structure the securitization consistent with the findings of fact made in this Financing Order and in a manner that achieves the lowest cost for the Securitized Bonds consistent with market conditions at the time of the issuance.
It is not expected that the scheduled final maturity of the Securitized Bonds will exceed ten years, provided, however, that if a longer term is required to achieve the best possible credit rating and lowest resulting Securitized Utility Tariff Charges, such term may be modified to a maximum of twelve years, in consultation with and subject to review rights of the Designated Representative.
More Definitions of Securitized Bonds
Securitized Bonds means bonds, debentures,
Securitized Bonds any securitized bonds or similar asset-backed securities that are non-recourse to the Borrower, are issued by a special purpose subsidiary of the Borrower and are payable from a specific or dedicated rate component, including the approximately $2,900,000,000 in rate reduction certificates backed by transition property that were issued in 1997 and the approximately $2,700,000,000 in energy recovery bonds backed by energy recovery property that the Borrower issued in 2005.
Securitized Bonds means any securitized bonds or similar asset-backed securities that are non-recourse to the Borrower, are issued by a special purpose subsidiary of the Borrower and are payable from a specific or dedicated rate component.
Securitized Bonds means any bonds or other securities, however denominated, that are (i) issued by a Qualified Securitization Bond Issuer and/or (ii) secured by or otherwise payable from Securitization Bond Charges.
Securitized Bonds means nonrecourse bonds or similar asset-backed securities issued by a special-purpose Subsidiary of the Company which are payable solely from specialized charges authorized by the utility commission of the relevant state in connection with the recovery of (x) stranded regulatory costs,(y) stranded clean air and pension costs and (z) other “Qualified Costs” (as defined in M.C.L. §460.10h(g)) authorized to be securitized by the Michigan Public Service Commission.
Securitized Bonds any securitized bonds or similar asset-backed securities that are non-recourse to PG&E Utility, are issued by a special purpose subsidiary of PG&E Utility and are payable from a specific or dedicated rate component, including the approximately $2,900,000,000 in rate reduction certificates backed by transition property that were issued in LOSANGELES 618830 v1 (2K) 1997 and the approximately $2,700,000,000 in energy recovery bonds backed by energy recovery property that PG&E Utility issued in 2005.
Securitized Bonds any securitized bonds or similar asset-backed securities that are non-recourse to PG&E Utility, are issued by a special purpose subsidiary of PG&E Utility and are payable from a specific or dedicated rate component.