Section 116.08. Mid-year rate adjustment.

 

(1)  The commission may commence a proceeding to adjust rates for a utility during a plan year if all of the following apply:

(a) During the plan year the commission projects that the utility's average annual fuel cost will differ materially from the forecast of the average annual fuel cost used in an approved fuel cost plan.

(b) The difference is due to extraordinary circumstances.

(c) The commission finds that the absolute value, at current rates, of the difference at the end of the plan year between the commission's projection of utility average annual fuel cost and the commission's approved forecast of utility average annual fuel cost, as specified in par. (a) , likely will be of sufficient magnitude to cause a material change to rates.

(2)  After a hearing, the commission may approve a rate change that is designed to avoid a difference of such magnitude.

(3)  The commission may not adjust an approved fuel cost plan in an order under sub. (2) .

(4)  A utility may not obtain an increase in rates under sub. (2) more than once during a plan year.

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