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Utility ratemaking is the formal regulatory process in the United States by which public utilities set the prices (more commonly known as "rates") they will charge consumers. [1] Ratemaking, typically carried out through "rate cases" before a public utilities commission , serves as one of the primary instruments of government regulation of ...
The law forced electric utilities to buy power from other more efficient producers, such as cogeneration plants, if that cost was less than the utility's own "avoided cost" rate to the consumer; the avoided cost rate was the additional costs that the electric utility would incur if it generated the required power itself, or if available, could ...
The Interstate Commerce Commission and Federal Communications Commission perform similar functions in their respective fields in the United States. The first state utility regulator was the Public Service Commission of Wisconsin, founded in 1907 under Governor Robert M. La Follette to set minimum standards and regulate rates of monopoly ...
When CWIP is included in the rate base, the used and useful test is bypassed. The utility is allowed to collect recovery costs before the project is completed. [7] In 1976 the Federal Power Commission announced a policy change stating that CWIP could only be included in the rate base when the utility was, "in severe financial distress." This ...
COLUMBIA, S.C. (AP) — A South Carolina utility told a federal judge on Monday that it played by the rules, so lawmakers should too, even if it means saddling customers with billions of dollars ...
The Federal Power Act is a law appearing in Chapter 12 of Title 16 of the United States Code, entitled "Federal Regulation and Development of Power".Enacted as the Federal Water Power Act on June 10, 1920, and amended many times since, [1] its original purpose was to more effectively coordinate the development of hydroelectric projects in the United States.
“An example of this would be to use electricity only at certain times of the day where the rate per kilowatt hour is the lowest; the same could apply to other utilities if there are more ...
A water tariff (often called water rate in the United States and Canada) is a price assigned to water supplied by a public utility through a piped network to its customers. The term is also often applied to wastewater tariffs.