§3210-F. Allocation of costs and benefits of long-term contracts
The commission shall ensure that all eligible costs and benefits associated with a long-term contract are allocated to ratepayers in accordance with this section.
[PL 2025, c. 555, §5 (AMD).]
1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A.
"Eligible costs and benefits" means the net amount of all costs and direct financial benefits associated with long-term contracts entered into by investor-owned transmission and distribution utilities, including but not limited to any effects on a utility's cost of capital as a result of these contracts.
[PL 2025, c. 555, §5 (AMD).]
B.
"Long-term contract" means a contract with an investor-owned transmission and distribution utility entered into under section 3210‑C, section 3604 or section 10313, subsection 7.
[PL 2025, c. 555, §5 (AMD).]
[PL 2025, c. 555, §5 (AMD).]
2.
Eligible costs and benefits.
The commission shall determine the eligible costs and benefits of a long-term contract annually.
[PL 2025, c. 555, §5 (AMD).]
3.
Allocation of eligible costs and benefits.
For post-restructuring stranded cost allocations and rate designs applicable on or after July 1, 2028, the commission shall allocate eligible costs and benefits by aggregating similar classes of customers as determined by the commission across investor-owned transmission and distribution utilities and ensure that costs and benefits are distributed equitably.
[PL 2025, c. 555, §5 (AMD).]
4.
Rules.
The commission may adopt rules to implement this section. Rules adopted pursuant to this subsection are routine technical rules as defined by Title 5, chapter 375, subchapter 2‑A.
[PL 2013, c. 454, §2 (NEW).]
SECTION HISTORY
PL 2013, c. 454, §2 (NEW). PL 2025, c. 555, §5 (AMD).