8. Fee
Whenever the Commission authorizes a utility to issue debt, the Commission is required to charge and collect a fee pursuant to §§ 1904(b) and 1904.1. Sections 1904(b) and 1904.1 are not applicable to any issue used to guarantee, take over, refund, discharge, or retire any stock, bond, note, or other evidence of indebtedness on which a fee has theretofore been paid to the Commission. Therefore, Cal Am should pay a fee on $85 million of Debt Securities. Cal Am shall remit the required $48,500 fee to the Commission's Fiscal Office.9 The authority granted by this order shall not become effective until Cal Am remits the $48,500 fee to the Commission's Fiscal Office.
9 The fee is assessed on $85 million of authorized Debt Securities as follows: $2 x ($1,000,000/$1,000) + $1 x ($9,000,000/$1,000) + $0.50 x ($75,000,000/$1,000) = $48,500.
