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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 authoriz

66-128q

Chapter 66.--PUBLIC UTILITIES
Article 1.--POWERS OF STATE CORPORATION COMMISSION

      66-128q.   Proceeding to review application forrecoveryof prudent expenditures for certain costs of new nuclear generation facility;application for predetermination of rate-making principles authorized.On and after July 1, 2008, the state corporationcommission, upon application and request, shall authorize an electric utilityto recover the utility's prudent expenditures fordevelopment costs, which include preliminary engineering, study, feasibility,prepayments for major equipment and permittingcostsfor a new nuclear generation facility by an adjustment to the utility'srates. The application and request shall be subject to suchprocedures and conditions, including review of theprudence of the expenditures and the reasonableness of the measures, as thecommission deems appropriate.The commission shallallow any electric public utility to apply and request a predetermination ofrate-making principles and treatment applicable to the utility's rates torecover development costs for a new nuclear generation facility, which includepreliminary engineering, study, feasibility, prepayments for major equipmentand permitting costs, prior to construction of the facility.

      History:   L. 2008, ch. 174, § 1; July 1.

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