VII. Fees

Whenever the Commission authorizes a utility to issue debt, the Commission is required to charge and collect a fee in accordance with § 1904(b). The fee for this financing authority as required by § 1904(b) is $893.¹¹ Cal-Ore must issue the check payable to the California Public Utilities Commission and remit the payment to the Commission's Fiscal Office.

¹¹ The fee is assessed on $446,600 of authorized borrowing as follows: $2 times ($446,600/$1,000) equals $893.