30-155. Rights of certificate holders;
cancellation or amendment of certificate
A. The holder of a certificate may enter into a contract or contracts for the
purchase of electrical energy generated by the waters of the main stream of the Colorado
river, and the rights of the holder of a certificate may not be abrogated, modified or
amended without consent of the holder, except as provided in this section.
B. The authority may cancel a certificate if the holder does not, within six months
from the date when electrical energy is first available to the holder, actually and in
good faith begin rendering the service or using the electrical energy for the purpose for
which the certificate was issued, unless the authority, upon written application, has for
good cause shown, prior to the expiration of such period, extended the time for beginning
the service or use.
C. The holder of a power purchase certificate may apply to the authority for
amendment of its certificate to include additional territory. All provisions of this
article relating to original applications for power purchase certificates shall apply to
any application for amendment.
D. Any person or operating unit holding a power purchase certificate and otherwise
qualified under the provisions of this chapter to purchase electrical energy may sell the
energy at wholesale to any other person or operating unit holding a power purchase
certificate, but the use of the electrical energy by the purchaser shall be confined to
the uses and the territory for which the purchaser holds a certificate.
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