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Perspective

Fortnightly Magazine - April 1 1998

7 488 U.S. at 315.

8 Consideration of securitization as a transitional financing technique presumes that legislators have in place an acceptable framework for permitting stranded cost recovery consistent with past regulatory and judicial decisions to avoid constitutional problems that would otherwise exist, such as taking of utility property without just compensation.

9 "SoCal Ed Sells $2.466 Billion in Rate-Cut Bonds; Response to Sale is 'Tremendous,'" Electric Power Daily, Dec. 4, 1997.

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