A California Assignment and Assumption Agreement between a Gas and Electric Company and Entity is a legal document that transfers the rights and obligations of an electricity or gas service agreement from one party to another. This type of agreement is often used by businesses when they are transferring service, such as when a new owner takes over an existing service. The agreement defines the terms of the transfer, including the description of the services being transferred and the transfer of any outstanding balances or fees. The agreement may also include provisions for indemnification and hold harmless provisions. There are two types of California Assignment and Assumption Agreement between a Gas and Electric Company and Entity: 1. Gas and Electric Customer Transfer Agreement — This agreement is used when a customer is transferring their contract from one gas and electric company to another. This agreement defines the terms of the transfer, including the description of the services being transferred and the transfer of any outstanding balances or fees. 2. Gas and Electric Service Agreement Assignment and Assumption Agreement — This agreement is used when a gas and electric company is transferring their service agreement to another entity. This agreement defines the terms of the transfer, including the description of the services being transferred and the transfer of any outstanding balances or fees.