SENATE BILL NO. 244
INTRODUCED BY M. BLASDEL
AN ACT REVISING PUBLIC UTILITY ELECTRICITY COST RECOVERY; CLARIFYING STANDARDIZED TREATMENT OF PUBLIC UTILITIES SUBJECT TO TITLE 69, CHAPTER 3; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Cost tracking and recovery. (1) If the commission approves a cost-tracking adjustment for a public utility regulated in accordance with chapter 8 or under this chapter, the cost-tracking adjustment must provide for:
(a) identical treatment of public utilities subject to chapter 8 or this chapter;
(b) 90% customer and 10% shareholder sharing of costs, if cost sharing is required; and
(c) full recovery of costs incurred by a public utility as a result of qualifying small power production facility purchase requirements established in Title 69, chapter 3, part 6.
(2) A cost-tracking adjustment may not include a deadband.
(3) For the purposes of this section, "deadband" means a level of cost recovery variance, including levels of under-recoveries and over-recoveries to be borne by the public utility.
Section 2. Codification instruction. [Section 1] is intended to be codified as an integral part of Title 69, chapter 3, and the provisions of Title 69, chapter 3, apply to [section 1].
Section 3. Effective date. [This act] is effective on passage and approval.
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Prepared by Montana Legislative Services