Response to several FOIA requests - Renewable Energy, nepdg_2001_2250.pdf. As in the case of the Chrysler bailout in the 1970s, if a utility
must tap into the fund, the taxpayers who made the fund possible receive a legal interest in the future success of the utility. This legal interest comes in the form of stock warrants. They can only be exercised if the price of the stock goes up comfortably above the (presumably epressed) level at the time the warrants were issued. And the state would not actually hold any stock, but rather would exercise its right to buy the stock at the earlier (lower) price, and this would trigger an obligation on the part of the utility to buy it back at the present (higher) price, less a 5 percent grace amount..