Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
ALEC Utility Construction Review Act

ALEC Utility Construction Review Act

Ratings: (0)|Views: 6|Likes:
Published by ALEC Watch

More info:

Published by: ALEC Watch on Jul 13, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

03/22/2014

pdf

text

original

 
PolicyFax
Please Hold for PickupSomeone at this Location Requested this Information
Following this cover page are the documents you requested from
PolicyFax.
Wehope you found the service convenient and easy to use, and that the informationIsatisfies your needs.
PolicyFax is a service of The Heartland Institute, a source ofresearch and commentary on public policy issues. Heartlandis not affiliated with any political party, business, orfoundation. Its activities are tax-exempt under Section
501 (c)3
of the Internal Revenue Code.
PolicyFax
is madepossible by the contributions of nearly 1,000 Heartlanddonors and members nationwide.PoiicyFax offers 24.hour access by fax to hundreds ofdocuments from nearly eighty different think tanks.Please take a moment to complete the Instant Survey formthat appears below. Fax it back to us at 708,/202-9799, ormail it to The Heartland Institute at 800 East NorthwestHighway #I 080, Palatine, Illinois 60067. Many
fhhanks!
Dial 510/208-8000
Press 1 to order documents.
At the voice prompt, enter your account number (seebe!ow) 01 visa 01 MasterCard “‘umber. Un!ess you a10 an&&d && 0: inwrd5+ there /$ 2 $5 &zrgp per,--,,, Yll L,document ordered.
Press 2 to open an account.
PokyFax
accounts save time by storing your credit card andfax numbers. Opening an account is free. An order form issent to you by fax Elected officials and ]ournalists must openaccounts to get free access to
PolicyFax
Press 3 for free directories.
Choose 2 cmp!ete directory (abau? ? S pzges) or request asubdirectory by using the following two-digit topic codes:08 Budget28 Government12 Civil Rights32 Health Care
13
Crime65 Privatization19 Economic Development72 Regulation
20
Economy80 Taxes21 Education81 Transportation23 Environment92 Welfare
INSTANT SURVEY:
Document #
How would you rate this document?0 Excellent0 Good0 Fair 0P00rIs this your first use of
PolicyFax?
qYes0NO
Will you use fo/;cy&w again?0 Yes 0NO 0 MaybeHow would you like to see
PolicyFax
improved?Your Name [optional)
 
Part VII: Environment, Energy and Natural Resources W
UTILITY CONSTRUCTION REVIEW ACTALEC’s models Utility Construction Review Act is designed to ensure adequate and reliable electric powersupply at the availability of a reasonable cost through reducing risks and uncertainties from the rate reviewprocess and encourage utilities to provide new capacity. Key components of the Act include: a provision forcertificate review of electric power plants under construction and investment recovery under certaincircumstances and a provision for construction progress reports.
Model Le@slation
Section 1. {Short Title.} This act shall be known and may be cited as the Utility Construction Review Act.Section 2. {Legislative findings and declarations.} The Legislature finds and declares that:(A) An adequate and reliable electric power supply, available at a reasonable cost to the residents,commerce, and industry of the state is necessary to maintain both a healthy economic climate in the state andthe general well-being of its residents; and(B) To better assure the required financing for those new electric generating facilities approved to meetincreased demand, the procedure for regulatory review of construction costs must be equitable, predictable,and orderly.Section 3. (Definitions.} The following words and phrases when used in this act shall have the meaningsgiven to them in this section unless the context clearly indicates otherwise:(A)“Certificate.” The certificate of public convenience. and necessity (or insert the appropriate priorauthorization by the commission required for the utility to begin facility construction).W“Commission.” The
{insert appropriate statepublic utility commission}.CC)
“Facility.” An electric generation facility regulated by the commission.0“Utility.” Any electric generating utility allowed by state law to cam a regulated return on itsinvestment.Section 4. {Certificate review and investment recovery.)(A) Commission review. When, in the opinion of the commission, changes in the estimate of probable futuregrowth of the use of electricity so indicate, the commission shall commence a review of any certificatepreviously granted to determine whether the. public convenience and necessity continues to require thefacility under construction. If the commission finds that completion of the facility under construction is nolonger in the public interest, the commission may modify or revoke the certificate.(B) Investment recovery. If the public utility cancels construction of the facility as a result of themodification or revocation of the certificate, it may recover, over a reasonable period of time, through rates,absent fraud, concealment, or gross mismanagement, the amount of its investment in that facility, along witha reasonable return on the unamortized balance.Recovery may not be challenged on the basis ofassumptions regarding probable future growth of the use of electricity.Section 5. (Construction progress reports.](A) Reporting requirements. The commission shall, at the request of the public utility, maintain an ongoingreview of facility construction as it proceeds. The applicant shall submit each year during construction, or at
Volume II: Sourcebook ofAmerican State Legislation I99572

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->