Current through November 7, 2024
Section 810-RICR-40-05-1.8 - Netting of Costs and Remuneration to Distribution CompaniesA. An Electric Distribution Company shall receive an annual remuneration equal to 2.75% of the actual annual payments made under the contracts for those projects that are commercially operating.B. The annual remuneration shall be calculated and determined as part of the Electric Distribution Company's annual reconciliation of costs set forth below.C. The Electric Distribution shall file tariffs with the Commission that net the cost of payments made to projects under the Long-Term Contracts against the proceeds obtained from the sale of energy, capacity, RECs or other attributes. The difference shall be credited or charged to all distribution customers through a uniform fully reconciling annual factor in distribution rates.D. The annual reconciliation shall be designed so that customers are credited with any net savings resulting from the Long-Term Contracts and the Electric Distribution Company recovers all costs incurred under such contracts.810 R.I. Code R. 810-RICR-40-05-1.8