1997 AGN NOV 04 I17 - Laserfiche WebLink

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43— Ch. 854 approved restructuring -related implementation programs. An electrical corporation's ability to collect the amounts from retail customers after the year 2001 shall be reduced to the extent the Independent System Operator or the Power Exchange reimburses the electrical corporation for the costs of any of these programs. 377. The commission shall continue to regulate the nonnuclear generation assets owned by any public utility prior to January 1, 1997, that are subject to commission regulation until those assets have been subject to market valuation in accordance with procedures established by the commission. If, after market valuation, the public utility wishes to retain ownership of nonnuclear generation assets in the same corporation as the distribution utility, the public utility shall demonstrate to the satisfaction of the commission, through a public hearing, that it would be consistent with the public interest and would not confer undue competitive advantage on the public utility to retain that ownership in the same corporation as the distribution utility. 378. The commission shall authorize new optional rate schedules and tariffs, including new service offerings, that accurately reflect the loads, locations, conditions of service, cost of service, and market opportunities of customer classes and subclasses. 379. Nuclear decommissioning costs shall not be part of the costs described in Sections 367, 368, 375, and 376, but shall be recovered as a nonbypassable charge until the time as the costs are fully recovered. Recovery of deconunissioming costs may be accelerated to the extent possible. Article 7. Research, Environmental, and Low -Income Funds 381. (a) To ensure that the funding for the programs described in subdivision (b) and Section 382 are not.commingled with other revenues, the commission shall require each electrical corporation to identify a separate rate component to collectlhe revenues used to fund these programs. The rate component shall be a noribypassable element of the local distributionservice and collected on the basis of usage. This rate component shall fall within the rate levels identified in subdivision (a) of Section 368. (b) The commission shall allocate funds collected pursuant to subdivision (a), and any interest earned on collected'funds, to programs which enhance system reliability and provide in-state benefits as follows: (1) Cost-effective energy efficiency'and conservation activities. (2) Public interest research and deVelopment not adequately provided by competitive and regulated markets. (3) In-state operation and development of existing and new and emerging renewable resource technologies defined as electricity produced from other than a conventional power source within the 90