Section 69-3-712 - Commission to include conservation and demand-side management programs in rate base - rate of return(1) In order to encourage the purchase of or investment in conservation by a utility, the commission may include conservation purchases or investments and demand-side management programs eligible under 69-3-702 and in compliance with criteria adopted under 69-3-711 and 69-3-1201 through 69-3-1209 in a utility's rate base.(2) In establishing the rate of return, the commission may allow an increment of up to 2% added to the rate of return on common equity permitted on the utility's other investments.(3) The commission shall allow the rate of return increment provided for in subsection (2) for a period not to exceed 30 years after the conservation is first placed in the rate base.(4) The commission shall prescribe amortization periods for conservation that is included in a utility's rate base.Amended by Laws 2019, Ch. 449,Sec. 8, eff. 7/1/2020.En. Sec. 4, Ch. 610, L. 1983.