Senate Amendment 5218
PAG LIN
1 1 Amend House File 2399, as amended, passed, and
1 2 reprinted by the House, as follows:
1 3 #1. Page 1, line 2, by striking <subsection> and
1 4 inserting <subsections>
1 5 #2. Page 1, line 18, by striking <five=tenths> and
1 6 inserting <sixteen hundredths>
1 7 #3. Page 2, before line 4 by inserting:
1 8 <NEW SUBSECTION. 23. A rate=regulated electric
1 9 utility that was subject to a revenue sharing
1 10 settlement agreement with regard to its electric base
1 11 rates as of January 1, 2010, shall recover, through
1 12 a rider and pursuant to a tariff filing made on or
1 13 after the effective date of this Act and through
1 14 December 31, 2013, the reasonable and prudent costs
1 15 incurred in the construction and connection of solar
1 16 electric generating systems or in the study of sites
1 17 for and the planning and development of biomass or
1 18 biomass cogeneration facilities. Cost recovery shall
1 19 be accomplished by instituting a revenue increase
1 20 applied in the same percentage amount to each customer
1 21 class and not designed to recover, on an annual basis,
1 22 more than sixteen hundredths percent of the electric
1 23 utility's calendar year 2009 revenues attributable to
1 24 billed base rates in this state. At the conclusion of
1 25 the cost recovery period, the board shall conduct a
1 26 contested case proceeding pursuant to chapter 17A to
1 27 evaluate the reasonableness and prudence of the cost
1 28 recovery. The utility shall file such information with
1 29 the board as the board deems appropriate, including the
1 30 filing of an annual report identifying and explaining
1 31 expenditures identified in the rider as items for cost
1 32 recovery, and any other information required by the
1 33 board. If the board determines that the utility has
1 34 imprudently incurred costs, or has incurred costs that
1 35 are less than the amount recovered, the board shall
1 36 order the utility to modify the rider to adjust the
1 37 amount recoverable.
1 38 NEW SUBSECTION. 24. A rate=regulated utility that
1 39 was subject to a revenue sharing settlement agreement
1 40 with regard to its electric base rates as of January
1 41 1, 2010, and which institutes a rate increase for
1 42 cost recovery authorized pursuant to subsection 22,
1 43 shall institute a revenue increase applied in the
1 44 same percentage amount to each customer class and not
1 45 designed to recover, on an annual basis, more than
1 46 sixteen hundredths percent of the electric utility's
1 47 calendar year 2009 revenues attributable to billed base
1 48 rates in this state. The revenue increase shall be
1 49 implemented for a three=year period, and the revenue
1 50 derived therefrom shall be allocated by the utility
2 1 for purposes of providing rebates for energy=efficient
2 2 appliances to that utility's customers. In conjunction
2 3 with the office of energy independence, the utility
2 4 shall make rebates available to its customers who
2 5 applied for a rebate pursuant to a rebate program
2 6 administered by the office. In the event that the
2 7 applications for rebates exceed the amount allocated by
2 8 the utility, the utility shall conduct a lottery among
2 9 the utility's customers for rebate eligibility.>
2 10 #4. Title page, line 1, after <Act> by inserting
2 11 <relating to public utilities by>
2 12 #5. Title page, line 6, after <facility,> by
2 13 inserting <providing for cost=recovery for solar
2 14 electric generating system construction and connection,
2 15 providing for cost=recovery for biomass planning and
2 16 development, providing for energy=efficient appliance
2 17 rebates,>
ROBERT M. HOGG
HF2399.2026 (2) 83
rn/sc
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