N.Y. Public Service Law 135-I – Default
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§ 135-i. Default. In the event that a participating customer defaults in respect to payment under a financing agreement and security contract entered into pursuant to this article, the utility shall employ reasonable efforts to collect all amounts due from the customer.
Terms Used In N.Y. Public Service Law 135-I
- Contract: A legal written agreement that becomes binding when signed.
- Utility: means an investor-owned gas or electrical corporation regulated by the commission whose gross revenues for the preceding calendar year exceeded three hundred fifty million dollars. See N.Y. Public Service Law 135-B