1. (1) If the commission has approved an electric utility's financing order and securitization bonds are issued on the electric utility's behalf, the electric utility shall:

   1. (a) Explicitly state on the customer's bill the portion of securitized surcharges applicable to the rate class as approved in the financing order issued to the electric utility; and Include the securitized surcharge on each customer's bill as a separate line item and include both the base rate for the customer's electricity and the amount of the surcharge.
   2. (b)
2. (2) If the securitized property has been transferred to an assignee, the customer bill shall include a statement that the assignee is the owner of the rights to securitized surcharges, and the electric utility or other entity, if applicable, is acting as a collection agent or servicer for the assignee.
3. (3) Each tariff of the electric utility with a commission-approved financing order shall indicate the applicable securitized surcharge and the ownership of the surcharge.

Effective: June 29, 2023

History: Created 2023 Ky. Acts ch. 72, sec. 7, effective June 29, 2023.