Section 116.07. Reconciliation.

 

(1)  Annually, but no later than 90 days after the end of the plan year, a utility shall file an application for the reconciliation of actual cost for items in an approved fuel cost plan for the plan year.

(2)  The utility in its application shall identify and explain the following:

(a) Fuel cost.

(b) Deferred account balances.

(c) Deferred account balance debit or deferred account balance credit as of the end of the plan year.

(d) Excess revenues.

(e) Deviations from the approved fuel cost plan, including differences in scheduled and in forced outage rates.

(3)  The commission shall commence a proceeding to consider the application and shall conclude the proceeding no later than 240 days after the end of the plan year. The commission shall review all of the items identified in sub. (2) and may request that the utility provide any other information the commission considers appropriate.

(4)  

(a) If after hearing the commission finds the utility demonstrated that the deferred account balance debit is accurate and includes only prudently-expended fuel costs, the commission shall authorize the utility to recover in rates the amount of the deferred account balance debit less any amount of fuel costs already collected from customers under s. PSC 116.08 , plus any fuel costs already credited to customers under s. PSC 116.08 , and less any utility excess revenues.

(b) If the amount already collected from customers under s. PSC 116.08 is greater than the deferred account balance debit found in par. (a) less any excess revenues, the commission shall order the utility to credit the difference to customers.

(c) If after opportunity for hearing the commission finds a deferred account balance credit, the commission shall order the utility to credit to customers the amount of the deferred account balance credit, plus any amount already collected from customers under s. PSC 116.08 , and less any amount already credited to customers under s. PSC 116.08 .

(5)  For any amount under sub. (4) , the commission shall do all of the following:

(a) Establish a date upon which collection may begin or credit shall begin, and a date upon which the collection or credit shall terminate.

(b) Calculate the rate of collection or credit using the current fuel cost plan.

(c) Calculate and apply interest to the amount starting on the first day of the plan year in which collection or credit occurs until the termination date established in par. (a) , by applying the utility's authorized short-term debt rate to the outstanding amount, on a monthly basis.

(6)  Based on the termination date established in sub. (5) (a) , any amount over-collected or under-credited shall be charged to the appropriate deferred account.

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