§ 49-34A-73 — Phase in rate plan for rate increases due to plant additions.

Notwithstanding anything in this chapter to the contrary, an electric utility that is subject to rate regulation by the commission and plans plant additions that are expected to have a material impact on rates may make application to the commission for a phase in rate plan to provide for the phase in of expected rate increases resulting from plant additions. The plan may provide for any of the following: (1) Rate increases to be incrementally phased in prior to the commencement of commercial operation of the plant additions; (2) To the extent rate increases for plant additions are allowed prior to commercial operation, restrictions on the capitalization of allowance for funds used during construction for the plant additions; (3) Restrictions on other rate increases; and (4) Any other conditions which benefit the public interest and may be imposed by the commission consistent with the findings in § 49-34A-74 .

Legislative History

SL 1992, ch 331, § 1; SL 2012, ch 230, § 2; SL 2015, ch 233, § 1.