2017 -- S 0875

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LC002680

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2017

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A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS--REGULATORY POWERS OF

ADMINISTRATION--UTILITIES

     Introduced By: Senators Lombardo, Quezada, McCaffrey, Jabour, and Archambault

     Date Introduced: May 11, 2017

     Referred To: Senate Commerce

     (Lieutenant Governor)

It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 39-3 of the General Laws entitled "Regulatory Powers of

Administration" is hereby amended by adding thereto the following section:

     39-3-12.3. Reporting and treatment of incentive payments.

     (a) No utility regulated by the commission shall be allowed to file its rate schedules or

notice of changes in rates unless it shall also file a statement containing the following

information:

     (1) A detailed summary of all incentive payments received by the company, including the

total earned under each incentive program; and

     (2) A detailed summary of all actions taken by the company to earn such incentive

payments.

     (b) Notwithstanding any other provision of the general laws, whether of specific or

general application, any incentive payments authorized by law and approved by the commission

shall be:

     (1) Considered billed distribution revenue for the purpose of determining any revenue

decoupling mechanism adjustment factor authorized by law and approved by the commission;

and

     (2) Considered billed distribution revenue in any future rate case.

     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO PUBLIC UTILITIES AND CARRIERS--REGULATORY POWERS OF

ADMINISTRATION--UTILITIES

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     This act would characterize incentive payments to utilities as billed distribution revenue

for rate setting services. This act would also require public utilities to file information regarding

incentive programs and payments when the public utilities file rate schedules or notice of changes

in rates with the PUC.

     This act would take effect upon passage.

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