Sec. 16-244k. Allocation of the proceeds of the retail adder. - Connecticut Statutes

      Sec. 16-244k. Allocation of the proceeds of the retail adder. Department of Public Utility Control shall allocate the proceeds of the retail adder established by the department in its decision in docket number 99-03-36, dated October 1, 1999, or any similar subsequent retail adder established by the department pursuant to subsection (b) of section 16-244c, for the mitigation of the costs associated with the compensation provided in subdivision (4) of subsection (b) of section 16-244c. The department may use any remaining proceeds of a retail adder for the mitigation of the costs associated with the difference between the total rate charged under the standard offer pursuant to subsection (a) of section 16-244c and the total rate charged under the transitional standard offer pursuant to subsection (b) of section 16-244c, and then for the accelerated payment of stranded costs established pursuant to section 16-245e.

      (P.A. 03-135, S. 21.)

      History: P.A. 03-135 effective June 26, 2003.