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- W99892887 abstract "The state legislature has repealed a rate-recoupment statute implemented in Vermont 20 years ago that allowed utilities to recover revenues they would have collected between filing for new rates and their approval. The statute was construed by the courts as retroactive ratemaking, which violates that prospective nature of ratemaking principles. The statute was also unclear on how to calculate recoupment revenues and time periods. A new approach was passed that eliminates rate recoupment and requires the board to implement temporary rates (not necessarily the amount requested) after application, but assumes that the board will ultimately support the rate-change request. The new statute reimburses utilities for income losses due to regulatory lag. The questions of whether requiring a fully forecasted test year is needed to supplement the temporary rates and fuel-adjustment clause remain unanswered. (DCK)" @default.
- W99892887 created "2016-06-24" @default.
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- W99892887 date "1982-05-27" @default.
- W99892887 modified "2023-09-24" @default.
- W99892887 title "Rate recoupment: an experiment in Vermont" @default.
- W99892887 hasPublicationYear "1982" @default.
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