Section 2490.4 - Severability and Use of Compliance Credits(a) Each provision of this chapter shall be deemed severable, and in the event that any provision of this chapter is held to be invalid, the remainder of this chapter shall continue in full force and effect.(b)Credit value. No provision of this article may be construed to limit the authority of the Executive Officer or CPUC to terminate or limit use of any compliance or over-compliance credit issued under this chapter. Any credit issued by CPUC does not constitute property or a property right and has no monetary value. Credits shall not be traded and are not exchangeable other than as specified in this section. Credits shall only be used for the purposes expressly set forth in this chapter.Cal. Code Regs. Tit. 13, § 2490.4
1. New section and attachments 1 and 2 filed 8-9-2022; operative 10-1-2022 (Register 2022, No. 33). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-71-20. Note: Authority cited: Sections 39600 and 39601, Health and Safety Code; and Section 5450, Public Utilities Code. Reference: Section 44274.4, Health and Safety Code; and Section 5431, Public Utilities Code.
1. New section filed 8-9-2022; operative 10/1/2022 (Register 2022, No. 33). Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-71-20.