Kansas Statutes 66-1,243. Requirements of securitized utility tariff bonds that have been obtained through financing orders
Terms Used In Kansas Statutes 66-1,243
- Owner: means any electric utility which owns any portion of a nuclear power generating facility whether directly or through ownership of stock in a company which owns any portion of such a facility. See Kansas Statutes 66-128l
- Property: includes personal and real property. See Kansas Statutes 77-201
- Public utility: means a public utility as defined by Kan. See Kansas Statutes 66-118a
The bills of a public utility that has obtained a financing order and caused securitized utility tariff bonds to be issued shall comply with the provisions of this section, except the failure of a public utility to comply with this section shall not invalidate, impair or otherwise affect any financing order, securitized utility tariff property, securitized utility tariff charge or securitized utility tariff bonds. The public utility shall:
(a) Explicitly reflect that a portion of the charges on such bill represents securitized utility tariff charges approved in a financing order issued to the public utility and, if the securitized utility tariff property has been transferred to an assignee, such bill shall include a statement to the effect that the assignee is the owner of the rights to the securitized utility tariff charges and that the public utility or other entity, if applicable, is acting as a collection agent or servicer for the assignee. The tariff applicable to the customer shall indicate the securitized utility tariff charge and the ownership of the charge; and
(b) include the securitized utility tariff charge on each customer’s bill as a separate line item and include both the rate and the amount of the charge on each bill.