Allow alternative rate plans for certain natural gas companies
What changed between versions
Establishes new eligibility criteria for natural gas companies to apply for alternative rate plans to serve large load customers defined as those consuming more than 1.2 million Mcf of natural gas in a twelve-month period.
Requires natural gas companies proposing alternative rate plans to demonstrate that existing customers will be protected from costs associated with infrastructure investments made for large load customers.
Mandates that commercial agreements under alternative rate plans must include monthly cost credits to compensate existing customers for the large load customer's use of the utility's system and infrastructure.
Prohibits recovery of costs associated with alternative rate plans from other customers and prevents rate increases as a result of approved commercial agreements with large load customers.
Updates and clarifies definitions for various utility-related terms including 'electric services company,' 'electric supplier,' 'renewable energy resource,' and 'advanced energy resource' to align with current industry practices.
Establishes a 90-day approval timeline for alternative rate plan applications and commercial agreements, with automatic approval if the commission does not act within the specified timeframe.
Reorganizes and clarifies property valuation reporting requirements for public utilities, including electric light companies, natural gas companies, water-works companies, and sewage disposal system companies.
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