Louisiana Revised Statutes 45:1281 – No impairment of commission jurisdiction
Terms Used In Louisiana Revised Statutes 45:1281
- Commission: means the Louisiana Public Service Commission. See Louisiana Revised Statutes 45:1272
- Energy transition costs: means , if requested by the electric utility, and as may be approved by the commission, costs incurred or to be incurred by an electric utility consisting of any of the following:
(a) Costs caused by or associated with the following:
(i) The retirement of an eligible electric generating facility. See Louisiana Revised Statutes 45:1272
- Financing order: means an order of the commission, if granted by the commission in its sole discretion, which allows for all of the following:
(a) The issuance of energy transition bonds. See Louisiana Revised Statutes 45:1272
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- utility: means an "electric public utility" as defined in Louisiana Revised Statutes 45:1272
A. Nothing in this Part is intended to be nor shall be construed to constitute any limitation, derogation, or diminution of the jurisdiction or authority of the commission provided by law, including that provided in or exercised by the commission pursuant to the Constitution of Louisiana.
B. A utility may finance energy transition costs that were incurred before August 1, 2022. To the extent that a utility has made application for a determination of energy transition costs before August 1, 2022, that application may provide the basis in part for the commission’s financing order pursuant to this Part. Further, to the extent that the commission has made a determination of prudent recoverable energy transition costs of a utility before August 1, 2022, that determination may provide the basis for the utility’s application for a financing order under this Part.
C. A utility may finance energy transition costs that were previously collected from the utility’s customers but were subsequently ordered by the commission to be refunded to customers, regardless of the date that the costs were collected or the date that the commission issued the refund order.
Acts 2022, No. 255, §2, eff. June 3, 2022; Acts 2023, No. 149, §1, eff. June 7, 2023.