Pennsylvania Code
Title 52 - PUBLIC UTILITIES
Part I - Public Utility Commission
Subpart C - Fixed Service Utilities
Chapter 74 - PERFECTION OF SECURITY INTERESTS IN INTANGIBLE TRANSITION PROPERTY
Section 74.1 - Purpose

Universal Citation: 52 PA Code ยง 74.1
Current through Register Vol. 54, No. 38, September 21, 2024

This chapter implements the ministerial requirements of section 2812(d)(1)-(4) of the act (relating to security interests in intangible transition property) governing the perfection of a security interest in intangible transition property and the filing of notice of transfer to an assignee of an interest in intangible transition property. This chapter establishes the recordkeeping regulations and requirements and provides technical rules on administration concerning the perfection of the security interests and the filing of the notices of transfer to an assignee. This chapter also establishes how an intangible transition property notice is filed, what a filing must contain and what obligatory record retention requirements are imposed on the Commission. This chapter governs notice, amendment, effectiveness, and termination of the perfection of a security interest and notice of transfer to an assignee.

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