§ 3047 - Cost allocations; subsidization prohibited - Vermont Statutes

§ 3047. Cost allocations; subsidization prohibited

In carrying out the purposes of this chapter, the electric revenues received from regulated activities of a cooperative shall not subsidize any nonelectric activities of the cooperative. A cooperative shall adopt cost allocation procedures to ensure that the electrical distribution revenues received from regulated activities of a cooperative do not subsidize any of the nonelectric activities and that costs attributable to any nonelectric activities are not included in the cooperative's rates for electric service. A copy of the cost allocation procedures shall be available to the public upon request. Nonelectric activities of the cooperative shall not be financed by loans or grants from the Rural Utilities Service of the United States Department of Agriculture or any successor federal agency. (Added 1999, No. 143 (Adj. Sess.), § 27.)