170 Ind. Admin. Code 6-1.1-8

Current through November 6, 2024

Section 170 IAC 6-1.1-8 - Reconciliation procedure

Authority: IC 8-1-31-17

Affected: IC 8-1-2; IC 8-1-31

Sec. 8.

(a) A utility authorized to implement a DSIC shall file with the commission, no later than thirty (30) days after the expiration of each twelve (12) month period in which the DSIC rate was in effect, a report that reconciles the difference between the DSIC revenues and the DSIC costs. The utility shall serve a copy of the report simultaneously on the office of the utility consumer counselor. Within fifteen (15) days of service, the office of the utility consumer counselor shall submit its comments to the commission and serve a copy on the utility. Upon review of the utility's report and the office of utility consumer counselor's comments, the commission may, at its discretion, convene a hearing after notice to adjust the DSIC to reconcile over recovery or under recovery of the underlying DSIC costs.

(b) In the event the utility is later authorized to change its DSIC, then the annual reconciliation shall be twelve (12) months following the authorization of the change in the DSIC, with the first reconciliation also covering the period between the last reconciliation of the previously approved DSIC and authorization to change the DSIC (the "interim period"). Reconciliation for the interim period shall use the DSIC revenues and DSIC costs associated with the DSIC in effect at the time.

(c) In the event that a utility files revised rate schedules, the commission's order will reset the DSIC and create new basic rates and charges. Upon issuance of the order, the utility shall file the reconciliation report covering previously unreconciled periods with the commission within three (3) months. The report must be completed as follows:

(1) The reconciliation report shall use the DSIC revenues and DSIC costs associated with the DSIC in effect at the time.

(2) An over or under recovery shall be shown as an addition to or reduction from DSIC costs included in the utility's first DSIC filing following implementation of the new basic rates and charges.

170 IAC 6-1.1-8

Indiana Utility Regulatory Commission; 170 IAC 6-1.1-8; filed Sep 27, 2005, 8:45 a.m.: 29 IR 458; readopted filed Sep 23, 2011, 11:52 a.m.: 20111019-IR-170110397RFA; filed Jan 6, 2012, 10:25 a.m.: 20120201-IR-170110426FRA; readopted filed Aug 2, 2013, 2:16 p.m.: 20130828-IR-170130227RFA

Readopted filed 4/11/2019, 9:04 a.m.: 20190508-IR-170190136RFA