Utah Code 54-12-3. Recovery of investment costs
Current as of: 2023 | Check for updates
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Terms Used In Utah Code 54-12-3
- Commission: means the Public Service Commission. See Utah Code 54-2-1
- Contract: A legal written agreement that becomes binding when signed.
- Purchasing utility: means any electrical corporation that is required to purchase electricity from small power production or cogeneration facilities pursuant to the Public Utility Regulatory Policies Act, 16 U. See Utah Code 54-2-1
- Qualifying power producer: means a corporation, cooperative association, or person, or the lessee, trustee, and receiver of the corporation, cooperative association, or person, who owns, controls, operates, or manages any qualifying power production facility or cogeneration facility. See Utah Code 54-2-1
The commission may not consider any purchasing utility‘s purchase of power from a qualifying power producer as a reason for disallowing recovery of the purchasing utility’s investment costs for facilities which are in use prior to signing a contract for the purchase of power from a qualifying power producer.
Amended by Chapter 374, 2008 General Session