Louisiana Revised Statutes 45:1336 – A. The commission shall regulate each trust concomitant with the commission’s regulation of the related utility. Notwithstanding such regulation, a trust shall not be considered a pu
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Terms Used In Louisiana Revised Statutes 45:1336
- Commission: means the Public Service Commission or, solely with respect to an electric or gas utility furnishing electric or natural gas service within the city of New Orleans, the council of the city of New Orleans, as applicable. See Louisiana Revised Statutes 45:1312
- Preferred interests: means preferred equity interests in a utility affiliate that pay preferred dividends to the trust that purchased those preferred equity interests. See Louisiana Revised Statutes 45:1332
- Related utility: means , with respect to a trust, the utility that is a beneficiary of such trust and that obtains a financing order pursuant to this Subpart. See Louisiana Revised Statutes 45:1332
- Trust: means an express special public trust created only pursuant to and in compliance with the provisions of this Subpart. See Louisiana Revised Statutes 45:1332
- Utility: means an electric utility or a gas utility. See Louisiana Revised Statutes 45:1312
A. The commission shall regulate each trust concomitant with the commission’s regulation of the related utility. Notwithstanding such regulation, a trust shall not be considered a public utility and shall not be considered an agent of any utility.
B. Any expenses of examination by the commission shall be charged only to the trust being examined and recovered only from the related utility‘s share of the distributions or redemptions in respect of the preferred interests held by that trust as provided in La. Rev. Stat. 45:1338.
Acts 2021, No. 293, §3, eff. June 14, 2021.