Amendment ID: S2529-23

Amendment 23

Utility Rate Application Review

Mrs. Dooner and Messrs. Montigny and Fattman move to amend the bill in section 41 by striking out paragraph (5) and inserting in place thereof the following paragraph:–

(5) Not later than 12 months after the completion of each assessment, each electric distribution company may submit to the department of public utilities its plan and an application to revise its rates to account for the additional distribution infrastructure included in the plan pursuant to paragraph (4). The application shall include: (i) testimony that explains how the application is consistent with the plan pursuant to said paragraph (4); (ii) an explanation of the need for each distribution infrastructure investment; (iii) supporting documentation demonstrating that the actual or estimated costs for each distribution infrastructure investment are reasonable; and (iv) the actual or estimated in-service date of the distribution infrastructure investment. Such application shall be preliminarily approved by the department of public utilities not later than 6 months after submission; provided, however, that the requested rate revision is consistent with the department's practices and incremental costs are not otherwise accounted for in the electric distribution company's existing rates. The department's review of such application shall not be construed as a prudence review. No rate revision shall take effect unless and until the department issues a written decision approving the application within 6 months after submission.