|
PROGRAM UNDER § 7-516 OF THIS SUBTITLE. THE FREEZE OR CAP SHALL APPLY TO
THE RECOVERY OF ANY TRANSITION COSTS UNDER § 7-518 AND THE RECOVERY OF
COSTS FOR THE UNIVERSAL SERVICE PROGRAM UNDER § 7-516 OF THIS SUBTITLE.
(2) AS PART OF A SETTLEMENT, THE COMMISSION MAY APPROVE A
FREEZE OR CAP FOR A DIFFERENT TIME PERIOD OR AN ALTERNATIVE PRICE
PROTECTION PLAN THAT IS EQUALLY PROTECTIVE OF RATE PAYERS.
(4) (I) BY JULY 1, 2000, THE COMMISSION SHALL REDUCE
RESIDENTIAL RATES FOR EACH INVESTOR OWNED ELECTRIC COMPANY BY AN
AMOUNT BETWEEN 3% AND 1% OF BASE RATES AS OF JUNE 30, 1999. THAT
REDUCTION SHALL REMAIN IN EFFECT UNTIL THE LATER OF JULY 1, 2003 AND THE
DATE WHEN ALL RESIDENTIAL CUSTOMERS HAVE THE RIGHT TO ELECT CUSTOMER
CHOICE IN ELECTRIC SUPPLY.
(II) IN ACHIEVING THE RATE REDUCTION UNDER THIS
PARAGRAPH, THE COMMISSION MAY CONSIDER;
1. THE EXPIRATION OF SURCHARGES;
2. CHANGES IN AN ELECTRIC COMPANYS TAX LIABILITY;
3. COST OF SERVICE DETERMINATIONS ORDERED BY THE
COMMISSION;
4-. NET TRANSITION COSTS; AND
THE EFFECT OF THE RATE REDUCTION ON THE
COMPETITIVE ELECTRICITY SUPPLY MARKET.
(III) THE COMMISSION MAY INCREASE OR DECREASE THE ACTUAL
RATE REDUCTION REQUIRED IN SUBPARAGRAPH (I) OF THIS PARAGRAPH OR ALLOW
THE RECOVERY OF ANY EXTRAORDINARY COSTS BASED ON INDIVIDUAL ELECTRIC
COMPANY CIRCUMSTANCES IF IT DETERMINES THAT THE ACTION IS NECESSARY
AND IN THE PUBLIC INTEREST.
(IV) IN DETERMINING THE RATE REDUCTIONS UNDER
SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE COMMISSION MAY NOT INCREASE
RATES FOR NONRESIDENTIAL CUSTOMERS.
(5) THE REQUIREMENT OF PARAGRAPH (1) OF THIS SUBSECTION MAY
NOT APPLY TO AN ELECTRIC COMPANY IF THE COMMISSION APPROVES A
SETTLEMENT THAT IS EQUALLY PROTECTIVE OF RATEPAYERS.
(A) THE ELECTRIC COMPANY IN A DISTRIBUTION TERRITORY SHALL PROVIDE
AND BE RESPONSIBLE FOR DISTRIBUTION SERVICES IN THE TERRITORY.
(B) THE ELECTRIC COMPANY SHALL PROVIDE DISTRIBUTION SERVICES IN ITS
DISTRIBUTION TERRITORY TO ALL CUSTOMERS AND ELECTRICITY SUPPLIERS ON
RATES, TERMS OF ACCESS, AND CONDITIONS THAT ARE COMPARABLE TO THE
ELECTRIC COMPANY'S OWN USE OF ITS DISTRIBUTION SYSTEM.
|
