§3210-F. Allocation of costs and benefits of long-term energy contracts
The commission shall ensure that all eligible costs and benefits associated with a long-term energy contract are allocated to ratepayers in accordance with this section. [PL 2013, c. 454, §2 (NEW).]
1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A. "Eligible costs and benefits" means the net amount of all costs and direct financial benefits associated with long-term energy contracts entered into by investor-owned transmission and distribution utilities, including but not limited to any effects on a utility's cost of capital as a result of these contracts. [PL 2013, c. 454, §2 (NEW).]
B. "Long-term energy contract" means a contract with an investor-owned transmission and distribution utility entered into under section 3210-C or section 3604. [PL 2013, c. 454, §2 (NEW).]
[PL 2013, c. 454, §2 (NEW).]
2. Eligible costs and benefits. The commission shall determine the eligible costs and benefits of a long-term energy contract annually.
[PL 2013, c. 454, §2 (NEW).]
3. Allocation of eligible costs and benefits. The commission shall annually allocate to each investor-owned transmission and distribution utility its pro rata share of eligible costs and benefits as determined under subsection 2. The allocation must be based on each utility's total retail kilowatt-hour energy sales to ratepayers that receive the benefits and pay the costs of long-term energy contracts. The commission may determine the means to be used for the allocation required under this section, which may include the direct transfer of funds between investor-owned transmission and distribution utilities.
[PL 2013, c. 454, §2 (NEW).]
4. Rules. The commission may adopt rules to implement this section. Rules adopted pursuant to this subsection are routine technical rules as defined by Title 5, chapter 375, subchapter 2-A.
[PL 2013, c. 454, §2 (NEW).]
SECTION HISTORY
PL 2013, c. 454, §2 (NEW).
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