Kansas Statutes 66-128q. Proceeding to review application for recovery of prudent expenditures for certain costs of new nuclear generation facility; application for predetermination of rate-making principles authorized
Terms Used In Kansas Statutes 66-128q
- Commission: means the state corporation commission. See Kansas Statutes 66-101a
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Electric public utility: means any public utility, as defined in Kan. See Kansas Statutes 66-101a
- Electric utility: means every public utility, as defined by Kan. See Kansas Statutes 66-128l
- Nuclear generation facility: means any physical plant utilizing nuclear energy as the primary fuel for the production or generation of electricity or electric power. See Kansas Statutes 66-1,158
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
On and after July 1, 2008, the state corporation commission, upon application and request, shall authorize an electric utility to recover the utility’s prudent expenditures for development costs, which include preliminary engineering, study, feasibility, prepayments for major equipment and permitting costs for a new nuclear generation facility by an adjustment to the utility’s rates. The application and request shall be subject to such procedures and conditions, including review of the prudence of the expenditures and the reasonableness of the measures, as the commission deems appropriate. The commission shall allow any electric public utility to apply and request a predetermination of rate-making principles and treatment applicable to the utility’s rates to recover development costs for a new nuclear generation facility, which include preliminary engineering, study, feasibility, prepayments for major equipment and permitting costs, prior to construction of the facility.