§ 39-1-27.8. Supply procurement portfolio.
Each electric distribution company shall submit a proposed supply procurement plan
or plans to the commission not later than March 1, 2009, and each March 1 thereafter
through March 1, 2018. The supply procurement plan or plans shall be consistent with
the purposes of least-cost procurement and shall, as appropriate, take into account
plans and orders with regard to system reliability and energy efficiency and conservation
procurement. The supply procurement plan or plans will include the acquisition procedure,
the pricing options being sought, and a proposed term of service for which standard-offer
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§ 39-1-27.8. Supply procurement portfolio.
Each electric distribution company shall submit a proposed supply procurement plan
or plans to the commission not later than March 1, 2009, and each March 1 thereafter
through March 1, 2018. The supply procurement plan or plans shall be consistent with
the purposes of least-cost procurement and shall, as appropriate, take into account
plans and orders with regard to system reliability and energy efficiency and conservation
procurement. The supply procurement plan or plans will include the acquisition procedure,
the pricing options being sought, and a proposed term of service for which standard-offer
service will be acquired. The term of service may be of various, staggered term lengths
and acquisitions may occur from time to time and for more than one supplier for segments
of standard-offer load over different terms, if appropriate. There also may be separate
procurement plans for residential and nonresidential classes or separate plans among
nonresidential classes. All the components of the procurement plans shall be subject
to commission review and approval. Once a procurement plan is approved by the commission,
the electric distribution company shall be authorized to acquire standard-offer service
supply consistent with the approved procurement plan and recover its costs incurred
from providing standard-offer service pursuant to the approved procurement plan. The
commission may periodically review the procurement plan to determine whether it should
be prospectively modified due to changed market conditions. The commission shall have
the authority and discretion to establish eligibility criteria by rate class, and
approve special tariff conditions and rates proposed by the electric distribution
company that the commission finds are in the public interest, including, without limitation:
(1) Short- and long-term optional service at different rates; (2) Term commitments
or notice provisions before individual customers leave standard-offer service; (3)
Standard-offer service rates for residential or any other special class of customers
that are different than the rates for other standard-offer customers; (4) Time of
use commodity pricing for specified classes of customers, except residential customers;
provided, however, that the commission may establish pilot programs for time of use
commodity pricing for residential customers; and/or (5) Standard-offer service rates
that are designed to encourage any class of customers to purchase supply directly
from the market.