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2012 SESSION
HB 1017 Renewable energy portfolio standard program; eliminates Performance Incentive provision.
Introduced by: Charles D. Poindexter | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Renewable energy portfolio standard program. Eliminates the Performance Incentive provision in the renewable energy portfolio standard program that entitles any investor-owned electric utility to a 50 basis point increase in its authorized combined rate of return on common equity if it meets the program's RPS Goals. The measure retains provisions that allow a utility to recover its costs associated with meeting the RPS Goals, but provides that a utility that exceeds the RPS Goals shall not recover the incremental costs associated with exceeding the RPS Goals unless it demonstrates that the decision to exceed the RPS Goals was reasonable and prudent.
FULL TEXT
HISTORY
- 01/11/12 House: Prefiled and ordered printed; offered 01/11/12 12101428D
- 01/11/12 House: Referred to Committee on Commerce and Labor
- 01/17/12 House: Assigned C & L sub: Special Subcommittee on Energy
- 01/26/12 House: Subcommittee recommends passing by indefinitely by voice vote
- 02/14/12 House: Left in Commerce and Labor (0-Y 0-N)