House File 561 H-1623 Amend House File 561 as follows: 1 1. Page 1, line 9, after < 476.53. > by inserting 2 < In addition, the utility shall remain bound by the 3 commitments described in the March 11, 1999, board 4 order in Docket No. SPU-98-8, unless such restrictions 5 are eased by subsequent board order. > 6 2. Page 2, line 3, after < generation > by inserting 7 < , at a reasonable cost to ratepayers > 8 3. Page 2, line 18, after < investment > by inserting 9 < , ongoing operating expenses, and decommissioning 10 expenses, including storage or disposal of used nuclear 11 fuel, > 12 4. Page 5, line 30, after < application. > by 13 inserting < The board, for good cause shown, may extend 14 the deadline for completing an annual proceeding for an 15 additional period not to exceed ninety days. > 16 5. Page 6, line 25, after < securities > by inserting 17 < or interest rate hedges as approved by the board as a 18 ratemaking principle > 19 6. Page 6, line 28, after < funds > by inserting < by 20 comparing returns on investments in other enterprises 21 having corresponding risks > 22 7. Page 6, line 30, after < utility > by inserting 23 < so as to maintain its credit and ability to attract 24 capital > 25 8. Page 6, line 34, after < service > by inserting 26 < , so long as the utility equity ratio does not exceed 27 fifty-five percent as determined in this subparagraph 28 division (c). If the rate-regulated utility’s equity 29 ratio exceeds this cap, or it is anticipated it will 30 exceed this cap, the rate-regulated utility may provide 31 a rationale to the board as to why the actual capital 32 structure is reasonable for maintaining its credit, 33 attracting capital on reasonable terms, and results in 34 reasonable costs to the rate-regulated utility’s retail 35 customers. The board shall rule upon any such request 36 in a contested case proceeding > 37 9. Page 7, by striking line 10 and inserting < any 38 coal-fired generating facility entered into service 39 prior to 1974 and owned by the utility as of January 1, 40 2010, that the utility commits to retire > 41 10. Page 8, after line 33 by inserting: 42 < i. The board shall issue an order on the merits of 43 a ratemaking application within one hundred eighty days 44 after the utility files an application for ratemaking 45 principles. The board, for good cause shown, may 46 extend the deadline for ruling on the merits of the 47 application for an additional period not to exceed one 48 hundred eighty days, and by such additional time beyond 49 that period that is agreed to by the utility. > 50 -1- HF561.2407 (3) 84 rn/nh 1/ 2 #1. #2. #3. #4. #5. #6. #7. #8. #9. #10.

11. Page 8, by striking line 35 and inserting 1 < additional temporary permanent staff, or and may 2 contract for professional > 3 12. Page 9, line 8, after < license . > by inserting 4 < The board and consumer advocate may also expend funds 5 they deem necessary to train such employees and provide 6 office space and equipment. > 7 13. Page 9, line 12, after < hire > by inserting < , 8 train, house, and equip > 9 14. Page 9, line 15, after < 475A.6. > by inserting 10 < The utilities board and consumer advocate may 11 each hire up to five permanent employees capable of 12 performing functions required by this section. Any 13 persons employed by the board or consumer advocate to 14 carry out the duties of this section related to nuclear 15 generating facilities shall be paid at compensation 16 rates consistent with current standards in the nuclear 17 energy industry, and new salary classifications shall 18 be established to set pay ranges for skilled personnel 19 in the nuclear engineering, nuclear construction, 20 and any other professional categories in the nuclear 21 energy industry the board and consumer advocate deem 22 appropriate, including but not limited to legal, 23 accounting, and skilled examiners and inspectors. > 24 15. By renumbering as necessary. 25 ______________________________ SODERBERG of Plymouth -2- HF561.2407 (3) 84 rn/nh 2/ 2 #11. #12. #13. #14. #15.