Maine Revised Statutes Title 35-A Sec. 3210-F – Allocation of costs and benefits of long-term energy contracts
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The commission shall ensure that all eligible costs and benefits associated with a long-term energy contract are allocated to ratepayers in accordance with this section. [PL 2013, c. 454, §2 (NEW).]
1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A. “Eligible costs and benefits” means the net amount of all costs and direct financial benefits associated with long-term energy contracts entered into by investor-owned transmission and distribution utilities, including but not limited to any effects on a utility’s cost of capital as a result of these contracts. [PL 2013, c. 454, §2 (NEW).]
B. “Long-term energy contract” means a contract with an investor-owned transmission and distribution utility entered into under section 3210?C or section 3604. [PL 2013, c. 454, §2 (NEW).]
[PL 2013, c. 454, §2 (NEW).]
Terms Used In Maine Revised Statutes Title 35-A Sec. 3210-F
- Commission: means the Public Utilities Commission. See Maine Revised Statutes Title 35-A Sec. 102
- Contract: A legal written agreement that becomes binding when signed.
- Transmission and distribution utility: means a person, its lessees, trustees or receivers or trustees appointed by a court, owning, controlling, operating or managing a transmission and distribution plant for compensation within the State, except where the electricity is distributed by the entity that generates the electricity through private property alone solely for the use of:
2. Eligible costs and benefits. The commission shall determine the eligible costs and benefits of a long-term energy contract annually.
[PL 2013, c. 454, §2 (NEW).]
3. Allocation of eligible costs and benefits. The commission shall annually allocate to each investor-owned transmission and distribution utility its pro rata share of eligible costs and benefits as determined under subsection 2. The allocation must be based on each utility’s total retail kilowatt-hour energy sales to ratepayers that receive the benefits and pay the costs of long-term energy contracts. The commission may determine the means to be used for the allocation required under this section, which may include the direct transfer of funds between investor-owned transmission and distribution utilities.
[PL 2013, c. 454, §2 (NEW).]
4. Rules. The commission may adopt rules to implement this section. Rules adopted pursuant to this subsection are routine technical rules as defined by Title 5, chapter 375, subchapter 2?A.
[PL 2013, c. 454, §2 (NEW).]
SECTION HISTORY
PL 2013, c. 454, §2 (NEW).