Allows electrical corporations to charge for services based on the costs of certain construction work in progress
What changed between versions
Added new subsection 3 that permits electrical corporations to include construction work in progress in rate base amounts, subject to commission determination of allowable costs and expenditures within the estimated construction period.
Added refund provisions requiring utilities to return amounts with interest if the commission determines construction costs were imprudently incurred in subsequent proceedings.
Added expiration date of December 31, 2035, with a provision for potential extension to December 31, 2045 if the commission determines good cause exists after a hearing.
Removed the previous limitation that excluded plants rated at six hundred megawatts or less from certain provisions, replacing it with the new comprehensive rate base inclusion framework.