Relating to: calculation of fuel costs for an electric public utility’s fuel cost plan.

AB 751 modifies how electric utilities calculate fuel costs for their rate plans. It requires utilities to account for the cost of purchasing electricity and revenue from selling generation capacity that meets Midcontinent Independent System Operator (MISO) requirements when calculating fuel costs. This change affects electric utilities and their customers by adjusting how fuel cost differences (under- or over-collections) are handled in rate adjustments. The bill creates a new definition for "Midcontinent independent system operation" to align with existing MISO terminology.