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S.B. 1
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VETOES
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C. BY REGULATION OR ORDER, AS A PART OF THE
COMPETITIVE PROCESS, THE COMMISSION SHALL REQUIRE OR ALLOW THE
PROCUREMENT OF COST-EFFECTIVE ENERGY EFFICIENCY AND CONSERVATION
MEASURES AND SERVICES WITH PROJECTED AND VERIFIABLE ENERGY SAVINGS TO
OFFSET ANTICIPATED DEMAND TO BE SERVED BY STANDARD OFFER SERVICE, AND
THE IMPOSITION OF OTHER COST-EFFECTIVE DEMAND-SIDE MANAGEMENT
PROGRAMS.
3. A. IN ORDER TO PREVENT AN EXCESSIVE AMOUNT OF
LOAD BEING EXPOSED TO UPWARD PRICE RISKS AND VOLATILITY, THE COMMISSION
MAY STAGGER THE DATES FOR THE COMPETITIVE WHOLESALE AUCTIONS.
B. BY REGULATION OR ORDER, THE COMMISSION MAY
ALLOW A DATE ON WHICH A COMPETITIVE WHOLESALE AUCTION TAKES PLACE TO
BE ALTERED BASED ON CURRENT MARKET CONDITIONS.
4. BY REGULATION OR ORDER, THE COMMISSION MAY
ALLOW AN INVESTOR-OWNED ELECTRIC COMPANY TO REFUSE TO ACCEPT SOME OR
ALL OF THE BIDS MADE IN A COMPETITIVE WHOLESALE AUCTION IN ACCORDANCE
WITH STANDARDS ADOPTED BY THE COMMISSION.
5. THE INVESTOR-OWNED ELECTRIC COMPANY SHALL
PUBLICLY DISCLOSE THE NAMES OF ALL BIDDERS AND THE NAMES AND LOAD
ALLOCATION OF ALL SUCCESSFUL BIDDERS 90 DAYS AFTER ALL CONTRACTS FOR
SUPPLY ARE EXECUTED.
(5) An electric company may procure the electricity needed to meet its
standard offer service electricity supply obligation from any electricity supplier,
including an affiliate of the electric company.
(6) IN ORDER TO MEET LONG-TERM, ANTICIPATED DEMAND IN THE
STATE FOR STANDARD OFFER SERVICE AND OTHER ELECTRICITY SUPPLY, THE
COMMISSION MAY REQUIRE OR ALLOW AN INVESTOR-OWNED ELECTRIC COMPANY
TO CONSTRUCT OR, ACQUIRE, OR LEASE, AND OPERATE, ITS OWN GENERATING
FACILITIES, AND TRANSMISSION FACILITIES NECESSARY TO INTERCONNECT THE
GENERATING FACILITIES WITH THE ELECTRIC GRID, SUBJECT TO APPROPRIATE
COST RECOVERY.
(7) (I) TO DETERMINE WHETHER AN APPROPRIATE PHASED
IMPLEMENTATION OF ELECTRICITY RATES THAT IS NECESSARY TO PROTECT
RESIDENTIAL CUSTOMERS FROM THE IMPACT OF SUDDEN AND SIGNIFICANT
INCREASES IN ELECTRICITY RATES, THE COMMISSION IN THE CASE OF AN INCREASE
OF 20% OR MORE OVER THE PREVIOUS YEAR'S TOTAL ELECTRICITY RATES, SHALL
CONDUCT EVIDENTIARY PROCEEDINGS, INCLUDING PUBLIC HEARINGS.
(II) 1. A DEFERRAL OF COSTS AS PART OF A PHASED
IMPLEMENTATION OF ELECTRICITY RATES BY AN INVESTOR-OWNED ELECTRIC
COMPANY SHALL BE TREATED AS A REGULATORY ASSET TO BE RECOVERED IN
ACCORDANCE WITH A RATE STABILIZATION PLAN UNDER PART III OF THIS SUBTITLE
OR ANY OTHER PLAN FOR PHASED IMPLEMENTATION APPROVED BY THE
COMMISSION.
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