Customer Benefits. The commission may direct investor-owned transmission and distribution utilities to enter into contracts under this section only as agents for their customers and only when such contracts are in the best interest of customers and in accordance with this subsection. The commission shall adopt rules to ensure that: A. To the extent the benefits to ratepayers of a long-term contract are projected to occur in the later years of the contract term, the commission shall ensure that adequate financial security is in place so that it is reasonably likely ratepayers will obtain the projected benefits of the long-term contract; and [PL 2011, c. 413, §3 (NEW).] B. To the extent practicable, ratepayers obtain the benefit of lower cost capacity resources of energy associated with those resources or of any renewable energy credits that may exist after the term of primary financing or subsequent replacement financing necessary for the development and construction of a generation project is completed. [PL 2011, c. 413, §3 (NEW).] [PL 2011, c. 413, §3 (NEW).]
Appears in 9 contracts
Samples: Capacity Resource Adequacy, Capacity Resource Adequacy, Capacity Resource Adequacy
