California Public Utilities Code

§ 454.6

PUC § 454.6 Effective Jan 1, 2006Div. 1 · Part 1 · Ch. 3 · Art. 1

Statute text

(a)A contract entered into pursuant to Section 454.5 by an electrical corporation for the electricity generated by a replacement or repowering project that meets the criteria specified in subdivision (b) shall be recoverable in rates, taking into account any collateral requirements and debt equivalence associated with the contract, in a manner determined by the commission to provide the best value to ratepayers.

(b)To be eligible for rate treatment in accordance with subdivision (a), a contract shall be for a project which meets all of the following criteria:

(1)The project is a replacement or repowering of an existing generation unit of a thermal powerplant.

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Legislative history

Added by Stats. 2005, Ch. 374, Sec. 2. Effective January 1, 2006.