Illinois Administrative Code › Title 83 - PUBLIC UTILITIES › Part 656 - QUALIFYING INFRASTRUCTURE PLANT SURCHARGE › Section 656.70 - Rider and Information Sheet Filings

Current through Register Vol. 48, No. 28, July 12, 2024
a)
			 A utility shall file a proposed QIP surcharge rider consistent with this Part
			 pursuant to Section 9-201 of the Act. After a QIP surcharge rider is in effect, the
			 QIP surcharge percentage shall be filed on an information sheet with supporting data
			 no later than the 20th day of the month preceding the
			 effective date of the QIP surcharge percentage. An information sheet with supporting
			 data filed after that date, but prior to the effective date, shall be accepted only
			 if it corrects an error or errors from a timely filed information sheet for the same
			 effective date. Any other information sheet with supporting data shall be accepted
			 only if submitted as a special permission request to become effective on less than
			 45 days notice under the provisions of Section 9-201(a) of the Act.
b) For utilities electing annual prospective
			 operation, a utility may file its initial information sheet with a QIP surcharge
			 percentage for the initial operation year with an effective date of the first day of
			 any month. The effective date of any subsequent information sheet with a QIP
			 surcharge percentage is January 1 (and April 1 if the R component is modified). A
			 utility may, at its option, file an information sheet modifying the QIP surcharge
			 percentage, with an effective date of the first day of any month during the
			 operation year, when necessary to recognize a material change in assumptions used in
			 developing the QIP surcharge percentage (including, but not limited to, a change in
			 depreciation rates). The utility shall also file an information sheet to implement a
			 Commission-ordered O component.
c) For
			 utilities electing quarterly historical operation, a new QIP surcharge percentage
			 may become effective on April 1, July 1, October 1, and January 1 (with a new R
			 component becoming effective, if required, on April 1). A utility may elect not to
			 file an information sheet showing an increased QIP surcharge percentage for any
			 quarter provided that the QIP costs that would have been reflected for that quarter
			 are in excess of the level reflected in developing the QIP surcharge percentage in
			 effect for the quarter are disregarded in calculating the R component and O
			 component for the affected reconciliation year.
d) A utility electing annual prospective operation
			 shall provide the following with the filing of each information sheet to become
			 effective on January 1:
1) A calculation of the
			 QIP surcharge percentage, PTR, and GRCF for each rate zone for which a QIP surcharge
			 rider is in effect;
2) A schedule
			 showing, for each rate zone for which a QIP surcharge rider is in effect, the amount
			 of forecasted expenditures for QIP during the operation year by plant
			 account;
3) A description, for each rate
			 zone for which a QIP surcharge rider is in effect, of the projects included in each
			 plant account by type of project;
4) A
			 detailed description, for each rate zone for which a QIP surcharge rider is in
			 effect, of individual QIP projects with a forecasted cost in excess of
			 $100,000;
5) A detailed schedule showing
			 the calculation of depreciation expense for each rate zone for which a QIP surcharge
			 rider is in effect;
6) A detailed
			 schedule showing the calculation of accumulated deferred income taxes associated
			 with QIP for each rate zone for which a QIP surcharge rider is in effect;
			 and
7) A statement verified by an
			 officer of the utility that, in the belief of management:
A) The forecast used in developing the QIP
			 surcharge percentage was prepared in accordance with the 2017 Prospective Financial
			 Information Guide (April 1, 2017) established by the American Institute of Certified
			 Public Accountants, Inc., 1211 Avenue of the Americas, New York NY 10036-8775;
			 and
B) The accounting treatment applied
			 to events and transactions in the forecast is the same as the accounting treatment
			 to be applied in recording the events once they occur.