|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ROBERT L. EHRLICH, JR., Governor
|
|
|
|
|
|
Ch. 5
|
|
|
|
|
|
|
|
|
|
|
|
|
(5) THE COMMISSION NEED NOT CONDUCT EVIDENTIARY PROCEEDINGS
UNDER § 7-510(C)(7)(I) OF THIS SUBTITLE TO DETERMINE THE SECOND OR
SUBSEQUENT PHASE OF THE TRANSITION TO FULL MARKET RATES UNDER THIS
PART.
(C) (1) THE ELECTRIC COMPANY SHALL PROVIDE EACH RESIDENTIAL
ELECTRIC CUSTOMER A DEFERRAL CREDIT EQUAL TO THE DIFFERENCE BETWEEN
THE COST INCURRED BY THE ELECTRIC COMPANY UNDER § 7-510(0(3) OF THIS
SUBTITLE AND THE RATES AUTHORIZED IN SUBSECTION (B)(1) OF THIS SECTION.
(2) (I) THE TOTAL AMOUNT OF COST RECOVERY DEFERRED THROUGH
DEFERRAL CREDITS PROVIDED TO RESIDENTIAL ELECTRIC CUSTOMERS SHALL BE A
RATE STABILIZATION COST TO BE RECOVERED AS A REGULATORY ASSET.
(II) THE TOTAL COST DEFERRED MAY BE SECURED UNDER PART III
OF THIS SUBTITLE.
(3) (I) SUBJECT TO SUBPARAGRAPH (II) OF THIS PARAGRAPH, THE
ELECTRIC COMPANY SHALL PERFORM A RECONCILIATION OF ANY OVERCOLLECTION
OR UNDERCOLLECTION OF THE DEFERRED COSTS AND EXPENSES RESULTING FROM
THIS RATE STABILIZATION PLAN:
1. EACH YEAR DURING THE RATE STABILIZATION PLAN; AND
2. WITHIN 90 DAYS AFTER THE END OF THE RATE
STABILIZATION PLAN.
(II) TO THE EXTENT THAT SECURITIZATION IS IMPLEMENTED
UNDER PART III OF THIS SUBTITLE, ANY RECONCILIATIONS MADE IN ACCORDANCE
WITH PART III SUBPARAGRAPH (I) OF THIS SUBTITLE PARAGRAPH SHALL BE IN
ADDITION TO ANY RECONCILIATIONS MADE UNDER SUBPARAGRAPH (I) PART III OF
THIS PARAGRAPH SUBTITLE.
(D) RATE STABILIZATION COSTS SHALL BE RECOVERED BY THE ELECTRIC
COMPANY FROM THE RESIDENTIAL ELECTRIC CUSTOMERS THROUGH A
USAGE-BASED RATE STABILIZATION CHARGE OVER A PERIOD NOT TO EXCEED 10
YEARS.
(E) NOTWITHSTANDING ANY OTHER PROVISION OF THIS SUBTITLE, AS
APPROVED BY THE COMMISSION, AN ELECTRIC COMPANY MAY RECEIVE A
MODIFICATION IN DISTRIBUTION AND TRANSMISSION RATES WHILE THE RATE
STABILIZATION PLAN IS IN EFFECT. HOWEVER THE MODIFICATION MAY NOT ALTER
THE RATE STABILIZATION CHARGES APPROVED IN ACCORDANCE WITH PART III OF
THIS SUBTITLE.
7-549.
(A) IN THIS SECTION, "ACTUAL COST" MEANS THE COSTS AND EXPENSES
DEFERRED AS REGULATORY ASSETS MULTIPLIED BY:
(1) THE ELECTRIC COMPANY'S COST OF DEBT; OR
- 117 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
