Electricity Rate Amendments
What changed between versions
New definitions for 'existing share', 'new share', 'generation resource', and 'share' were added to clarify how utility costs should be allocated between states.
Utilities must now prepare and file a state-specific resource plan before recovering costs for any new generation resources procured after December 31, 2025.
New requirements mandate that utilities demonstrate new generation resources were identified in an approved state-specific resource plan and provide direct benefits to Utah ratepayers.
The deadline for utilities to account for existing generation resources was changed from December 31, 2024 to December 31, 2025, with reporting required by January 1, 2026.
The commission is now required to specify the new share assignable to Utah ratepayers and use that share when calculating recoverable costs for new generation resources.