Arizona Laws 30-155. Rights of certificate holders; cancellation or amendment of certificate
A. The holder of a certificate may enter into a contract or contracts for the purchase of electrical energy generated by the waters of the main stream of the Colorado river, and the rights of the holder of a certificate may not be abrogated, modified or amended without consent of the holder, except as provided in this section.
Terms Used In Arizona Laws 30-155
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Authority: means the Arizona power authority. See Arizona Laws 30-101
- Contract: A legal written agreement that becomes binding when signed.
- Person: means and includes natural persons engaged in the distribution of electric power, mutual and cooperative concerns or organizations by whatever name called, corporations, firms, business trusts and partnerships. See Arizona Laws 30-101
- Power: means electric power or electric energy, or both. See Arizona Laws 30-101
- Wholesale: means sales to qualified distributors of power. See Arizona Laws 30-101
B. The authority may cancel a certificate if the holder does not, within six months from the date when electrical energy is first available to the holder, actually and in good faith begin rendering the service or using the electrical energy for the purpose for which the certificate was issued, unless the authority, upon written application, has for good cause shown, prior to the expiration of such period, extended the time for beginning the service or use.
C. The holder of a power purchase certificate may apply to the authority for amendment of its certificate to include additional territory. All provisions of this article relating to original applications for power purchase certificates shall apply to any application for amendment.
D. Any person or operating unit holding a power purchase certificate and otherwise qualified under the provisions of this chapter to purchase electrical energy may sell the energy at wholesale to any other person or operating unit holding a power purchase certificate, but the use of the electrical energy by the purchaser shall be confined to the uses and the territory for which the purchaser holds a certificate.