Use of DDOT Underground Electric Company Infrastructure Improvements.
Upon completion of construction by DDOT and acceptance by the electric company, the District shall transfer legal title to the DDOT Underground Electric Company Infrastructure Improvements to the electric company for the sum of one dollar. DDOT Underground Electric Company Infrastructure Improvements shall be for exclusive use by the electric company. The electric company shall not earn a return on or of investment with respect to the DDOT Underground Electric Company Infrastructure Improvements transferred to the electric company as provided in this section. Taxes and fees, if any, on the transfer shall be recoverable by the electric company in rates as approved by the Commission.
Annotations
May 3, 2014, D.C. Law 20-102, § 311, 61 DCR 1882
Sourced from the DC Council Open Law Library (public domain).
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