Rhode Island General Laws
Chapter 39-26.6 - The Renewable Energy Growth Program
Section 39-26.6-25. - Forecasted rate and reconciliation.

§ 39-26.6-25. Forecasted rate and reconciliation.
(a) Three (3) months prior to the beginning of the first program year, the electric distribution company shall file a forecast of the total amount of payments that is likely to be paid out to distributed-generation projects in the coming program year within the electric distribution company’s load zone, along with any costs permitted for recovery pursuant to §§ 39-26.6-4, 39-26.6-13 and 39-26.6-18. The total of all forecasted payments and costs shall be aggregated, net of forecasted revenues from the sale of the energy, renewable energy certificates, and any other market products from the distributed-generation projects participating in the performance-based incentive program. The forecasted net-aggregate amount shall be used to design a fixed monthly charge per customer to recover the net forecast in rates charged to all distribution customers during the prospective calendar year, which fixed charge may be different by rate class in order to reasonably and equitably spread the program costs across all customer classes. The fixed rate shall stay in effect until changed after the first reconciliation filing set forth below and the rate reconciliation process shall be repeated annually, as set forth below. The commission, in its discretion, may move the reconciliation of costs and credits under § 39-26.1-5(f) into this reconciliation in order to have one reconciliation of all program costs and credits from the long-term contracting standard, distributed-generation standard contracting, and renewable energy growth program.
(b) Within three (3) months after the end of each program year, the electric distribution company shall reconcile the total amount recovered from distribution customers against the total of net payments and costs for the program year. The electric distribution company shall file the reconciliation with a report, along with a new forecast of payments to be made for the next twelve-month (12) period, net of forecasted revenues for the resale of energy, renewable energy certificates, or any other market attributes sold by the electric distribution company. The forecast shall be used to set a new rate in the same manner as set forth above and the new rate shall remain in effect until rates are reset in the next annual reconciliation and the reconciliation balance shall be reflected in the new rate.
History of Section.P.L. 2014, ch. 200, § 1; P.L. 2014, ch. 216, § 1.

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