Bondable stranded costs definition

Bondable stranded costs means any stranded costs or basic

Bondable stranded costs means those bondable stranded costs, within the meaning specified in the Competition Act, approved for recovery in the Financing Order.

Bondable stranded costs means any stranded costs or basic generation service transition costs of an electric public utility approved by the board for recovery pursuant to the provisions of P.L.1999, c.23 (C.48:3-49 et al.), together with, as approved by the board: (1) the cost of retiring existing debt or equity capital of the electric public utility, including accrued interest, premium and other fees, costs, and charges relating thereto, with the proceeds of the financing of bondable transition property; (2) if requested by an electric public utility in its application for a bondable stranded costs rate order, federal, State and local tax liabilities associated with stranded costs recovery, basic generation service transition cost recovery, or the transfer or financing of the property, or both, including taxes, whose recovery period is modified by the effect of a stranded costs recovery order, a bondable stranded costs rate order, or both; and (3) the costs incurred to issue, service or refinance transition bonds, including interest, acquisition or redemption premium, and other financing costs, whether paid upon issuance or over the life of the transition bonds, including, but not limited to, credit enhancements, service charges, overcollateralization, interest rate cap, swap or collar, yield maintenance, maturity guarantee or other hedging agreements, equity investments, operating costs, and other related fees, costs, and charges, or to assign, sell, or otherwise transfer bondable transition property.

Examples of Bondable stranded costs in a sentence

• The Act, among other things, authorizes electric public utilities to securitize their Bondable Stranded Costs through the issuance of Transition Bonds in order to facilitate the provision of savings to ratepayers.

• The Company states that these costs should be included as Bondable Stranded Costs to be recovered through the TBC in accordance with Section 14 of the Act, and the right to recover these costs as Bondable Stranded Costs will constitute a portion of the Bondable Transition Property.

• Each such adjustment shall be formula-based, shall be in the amount required to ensure the timely receipt of revenues sufficient to provide for the full and timely recovery of Bondable Stranded Costs, including, without limitation, the timely payment of principal of, and interest and acquisition or redemption premium on, the Transition Bonds issued to finance such Bondable Stranded Costs.

• Upon retirement of all outstanding Transition Bonds and payment of any related Ongoing Transition Bond Costs and other Bondable Stranded Costs, any remaining amounts held by the Transition Bond Trustee will be released to the SPE.

• The Decommissioning Closing Contribution and the Outage Funding are properly deemed Bondable Stranded Costs under the Electric Discount and Energy Competition Act, N.J.S.A. 48:3-62 et seq.

• Rigby, President Atlantic City Electric Company ACE Bondable Stranded Costs Rate Order 35 BPU Docket No. EF01060394 INDEX 1.

• The Company has requested that TBC True-ups go into effect at least annually, and that the Board confirm that the TBC True-Up will become effective or final, as the case may be, absent a finding by the Board of manifest error (for purposes of this ACE Bondable Stranded Costs Rate Order 12 BPU Docket No. EF01060394 Financing Order, "manifest error" is an arithmetic error evident on the face of such filing) in the application of the adjustment methodology approved herein.

• The issuance of the Transition Bonds is authorized by the Bondable Stranded Costs Rate Order, Docket No. EF03070532 (the "Financing Order"), issued by the BPU on July 12, 2005.

• As required by the Act, the Company shall continue to pursue all reasonable ACE Bondable Stranded Costs Rate Order 19 BPU Docket No. EF01060394 mitigation opportunities to mitigate the total amount of its stranded and deferred costs.

• On February 14, 2003, ACE filed a Bondable Stranded Costs Rate Order Petition with the NJBPU.

More Definitions of Bondable stranded costs

Bondable stranded costs has the meaning assigned to that term in the Competition Act and the BPU Financing Orders.