The Ohio Public Utilities Commission (PUC) has proposed regulations to allow electric utilities to use fuel-cost clauses to recover gains or losses from trading Clean Air Act emission allowances....
Idaho Power Seeks ADITC Tie-In
Idaho Power (IP) has filed a notice of settlement with the Idaho Public Utilities Commission (PUC), its first step toward gaining approval to accelerate amortization of accumulated deferred investment tax credits (ADITC) when year-end return on equity (ROE) falls below 11.5 percent. If the PUC agrees, the agreement would remain in effect from 1995 through 1999. Then, if ROE exceeds 11.75 percent in a given year, IP would refund 50 percent of the excess in its power-cost adjustment.
The settlement places a $30-million cap on the total amount of ADITC that IP may accelerate for amortization over the five-year period. IP is also barred from increasing its rates prior to January 1, 2000. And while IP would be allowed to defer certain costs resulting from its corporate reorganization, it has agreed that its quality of service may not diminish.
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