Section 49-34A-73 - Rate stability plan for phase-in of rate increases. - South Dakota Statutes

49-34A-73. Rate stability plan for phase-in of rate increases. Notwithstanding anything in this chapter to the contrary, an electric utility that is subject to rate regulation by the commission and plans major capital additions or new power purchases that are expected to have a material impact on rates may make application to the commission for a rate stability plan to provide for the phase-in of rate increases prior to the commercial operations of the major capital additions or new power purchases. The plan may provide for any of the following:
(1) Rate increases to be incrementally phased in prior to the commencement of commercial operation of the plant additions or new power purchases;
(2) To the extent rate increases for additions are allowed prior to commercial operation, restrictions on the capitalization of allowance for funds used during construction for the plant additions;
(3) Restrictions on other rate increases during the construction period of the plant additions or term of the new power purchases; and
(4) Any other conditions which benefit the public interest and may be imposed by the commission consistent with the findings in § 49-34A-74.

Source: SL 1992, ch 331, § 1.