RS 45:1336: Regulation by the commission

A. The commission shall regulate each trust concomitant with the commission's regulation of the related utility. Notwithstanding such regulation, a trust shall not be considered a public utility and shall not be considered an agent of any utility.

B. Any expenses of examination by the commission shall be charged only to the trust being examined and recovered only from the related utility's share of the distributions or redemptions in respect of the preferred interests held by that trust as provided in R.S. 45:1338.