California Public Utilities Code 390.1 – Any nonutility power generator using renewable fuels that has entered …
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Any nonutility power generator using renewable fuels that has entered into a contract with an electrical corporation prior to December 31, 2001, specifying fixed energy prices for five years of output may negotiate a contract for an additional five years of fixed energy payments upon expiration of the initial five-year term, at a price to be determined by the commission.
(Added by Stats. 2002, Ch. 516, Sec. 2. Effective January 1, 2003.)
Terms Used In California Public Utilities Code 390.1
- Commission: means the Public Utilities Commission created by §. See California Public Utilities Code 20
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.