1. Subject to the limitations provided for in subsection 2 of this section, and upon proper application by an eligible customer prior to public announcement of a growth project, a new or existing account meeting the criteria in this subsection shall qualify for one of the discounts set forth in subdivision (1) or (2) of this subsection:
(1)When the customer is a new customer and the new load is reasonably projected to be at least two hundred seventy thousand CCF annually, the discount shall equal up to twenty-five percent subject to the limiting provisions of this section and shall apply for four years; or
(2)When the customer is an existing customer and the new load is reasonably projected to be at least one hundred thirty-five thousand CCF annually, the discount shall equal twenty
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1. Subject to the limitations provided for in subsection 2 of this section, and upon proper application by an eligible customer prior to public announcement of a growth project, a new or existing account meeting the criteria in this subsection shall qualify for one of the discounts set forth in subdivision (1) or (2) of this subsection:
(1) When the customer is a new customer and the new load is reasonably projected to be at least two hundred seventy thousand CCF annually, the discount shall equal up to twenty-five percent subject to the limiting provisions of this section and shall apply for four years; or
(2) When the customer is an existing customer and the new load is reasonably projected to be at least one hundred thirty-five thousand CCF annually, the discount shall equal twenty-five percent subject to the limiting provisions of this section and shall apply for four years.
2. In each general rate proceeding concluded after August 28, 2025, the difference in revenues generated by applying the discounted rates provided for by this section and the revenues that would have been generated without such discounts shall not be imputed into the gas corporation's revenue requirement, but instead such revenue requirement shall be set using the revenues generated by such discounted rates, and the impact of the discounts provided for by this section shall be allocated to all the gas corporation's customer classes, including the classes with customers that qualify for discounts under this section, through the application of a uniform percentage adjustment to the revenue requirement responsibility of all customer classes. To qualify for the discounted rates provided for in this section, customers shall meet the applicable criteria within twenty-four months of initially receiving discounts based on metering data for calendar months thirteen through twenty-four and annually thereafter. If such data indicates that the customer did not meet the applicable criteria for any subsequent twelve-month period, it shall thereafter no longer qualify for a discounted rate. Customer usage existing at the time the customer makes an application for discounted rates under this section shall not constitute incremental usage. The discounted rates provided for by this section apply only to variable base-rate components, with charges or credits arising from any rate adjustment mechanism authorized by law to be applied to customers qualifying for discounted rates under this section in the same manner as such rate adjustments would apply in absence of this section.
3. For purposes of this section, the following terms shall mean:
(1) "Gas corporation" , the same as defined in section 386.020 ;
(2) "Variable base-rate components" , the rate charged for gas service based on the volume of gas used excluding any additional riders or surcharges.