§ 23-4-1104 - Alternative procedure for modifying rates and charges of a generation and transmission cooperative.
23-4-1104. Alternative procedure for modifying rates and charges of a generation and transmission cooperative.
(a) (1) (A) After the board approves the modification in rates and charges under 23-4-1102, the generation and transmission cooperative shall file for the approval of the Arkansas Public Service Commission an application for the change in rates and charges and tariffs containing the proposed change in rates and charges.
(B) However, a rate rider or other rider to the generation and transmission cooperative's base rates and charges shall not be modified under this subchapter unless the commission determines otherwise.
(2) In addition to an attachment containing the proposed tariffs to effect the modification of the rates and charges, the application shall provide the following:
(A) Proof of the board vote required by 23-4-1102;
(B) The proof of notice required by 23-4-1103;
(C) A current calculation of the generation and transmission cooperative's:
(i) Times interest earned ratio;
(ii) Debt service coverage ratio; and
(iii) Margins as a percent of revenue for the last available calendar year;
(D) An analysis of the impact of the proposed change in rates and charges on each member cooperative's cost of wholesale power that is acquired from the generation and transmission cooperative;
(E) Documentary evidence that the impact of the proposed change in rates and charges does not exceed five percent (5%) of the generation and transmission cooperative's total gross revenues for the previous calendar year;
(F) Documentation that shows the derivation of the generation and transmission cooperative's proposed changes in its rates and charges; and
(G) (i) Any other supporting documentation or evidence required by the commission.
(ii) (a) However, the commission shall not require the generation and transmission cooperative to prepare a cost of service study.
(b) Instead of a new cost of service study, the generation and transmission cooperative shall rely upon the most recent commission-approved cost allocation.
(b) Within ninety (90) days after the date of filing the generation and transmission cooperative's application, the commission shall issue its final determination regarding the proposed modification of the rates and charges of the generation and transmission cooperative.