Limitation On Aggregate Amount Of Cost Reduction Financing

TITLE 61 PUBLIC UTILITY REGULATION CHAPTER 16 UTILITY COST REDUCTION BONDS 61-1604. Limitation on aggregate amount of cost reduction financing. The amount of approved costs in a cost reduction order, either individually or in the aggregate with previously approved costs included in cost reduction orders that remain outstanding, may not exceed an amount equal to forty percent (40%) of the public utility’s total capitalization, including both debt and equity, as of the end of the fiscal year of such public utility preceding the application for such cost reduction order.