Section 116.03. Fuel cost plan.

 

(1)  Annually, a utility shall file a proposed fuel cost plan as part of an application to open or reopen a general rate case proceeding or, if the utility does not file a general rate case, the utility shall file a proposed fuel cost plan as part of a proceeding limited in scope to fuel cost. A utility shall file a proposed fuel cost plan no more than 360 days or less than 150 days before the beginning of the plan year.

(2)  A utility shall include in a proposed fuel cost plan the following information for the plan year:

(a) A forecast of the average annual fuel cost.

(b) A forecast of the annual fuel cost by fuel type.

(c) A forecast of the annual native system requirement. In a utility's reopened general rate case proceeding or in a proceeding limited in scope to fuel cost, the applicable annual native system requirement is the same as the commission-approved forecast in the utility's most recently approved general rate case proceeding.

(d) Detailed input of the economic dispatch model used to forecast fuel cost.

(e) Detailed output of the economic dispatch model used to forecast fuel cost.

(f) All inputs and allocators used to calculate the forecast of the annual average fuel cost and the forecast of the annual native system requirement.

(g) Associated transmission service purchased or sold.

(h) Any other information requested by the commission.

(3)  After hearing the commission shall approve a fuel cost plan, with any modifications or conditions the commission considers appropriate. The commission shall establish a utility's rates in accordance with the approved fuel cost plan, subject to reconciliation under s. PSC 116.07 .

(4)  Approval of a fuel cost plan by the commission is not a determination that the fuel cost plan is reasonable or prudent for reconciliation purposes under s. PSC 116.07 .

History: CR 08-070 : cr. Register February 2011 No. 662 , eff. 3-1-11.