Section 49-34A-74 - Approval of rate stability plan. - South Dakota Statutes

49-34A-74. Approval of rate stability plan. The commission may approve a rate stability plan as provided in § 49-34A-73 if:
(1) The electric utility makes application for a rate stability plan prior to the commencement of construction of the plant additions or new power purchases;
(2) The electric utility files with the application a full cost of service analysis as required for general rate increases and including a projection of costs and revenues to the date of the anticipated commercial operation of the plant additions or through the term of the new power purchases;
(3) The commission holds a hearing with notice to be given as required for any rate increase; and
(4) The commission finds that the rate stability plan is likely to enhance adequate utility service, rate stability, the financial stability of the electric utility, reasonable capital costs, just and reasonable rates, a fair rate of return and other considerations that benefit the public interest.

Source: SL 1992, ch 331, § 2.