| | | 2.__For any contract to which this section applies that does | | not involve arrangements for the simultaneous purchase and sale | | of electricity, the commission shall establish or adjust the | | contract rate based on the annual change in the average of the | | total price paid for electric services by all retail customers in | | the utility's applicable rate class.__The commission shall choose | | the applicable rate class and specific methodology for | | establishing or adjusting the rate to preserve as nearly as | | possible the parties' benefits and burdens under the terms of the | | contract, as amended. |
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| | | Emergency clause. In view of the emergency cited in the preamble, | | this Act takes effect when approved. |
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| | | The Public Utilities Commission will incur some minor | | additional costs to establish contract rates for certain | | qualifying facility contracts affected by electric industry | | restructuring. These costs can be absorbed within the | | commission's existing budgeted resources. |
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| | | This bill, which is reported out by the Joint Standing | | Committee on Utilities and Energy pursuant to Public Law 1997, | | chapter 316, section 12, amends a provision of law governing | | certain qualifying facility contracts affected by electric | | industry restructuring. Under this bill, the Public Utilities | | Commission is given authority, within certain parameters, to | | establish contract rates based on the type of contract and the | | factual context. |
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