Virginia Administrative Code › Title 20 - PUBLIC UTILITIES AND TELECOMMUNICATIONS › Agency 5 - STATE CORPORATION COMMISSION › Chapter 200 - PUBLIC UTILITY ACCOUNTING › Section 20VAC5-200-21 - Streamlined rate proceedings and general rate proceedings for electric cooperatives subject to the State Corporation Commission's rate jurisdiction

Current through Register Vol. 40, No. 24, July 15, 2024
A. Nothing in
				this section shall be interpreted to apply to applications for temporary
				reductions of rates pursuant to §
									56-242
				of the Code of Virginia.
B. All
				streamlined or general rate applications for jurisdictional electric
				distribution cooperatives ("cooperatives" or "applicants") shall be subject to
				the following requirements:
1. Pursuant to §
										56-235.4
				of the Code of Virginia and the exceptions stated therein, the regulated
				operating revenues of a cooperative shall not be increased more than once
				within any 12-month period. However, streamlined rate relief may become
				effective in less than 12 months after a preceding increase provided that
				regulated base operating revenues are not increased more than once in any
				calendar year.
2. An applicant may
				select any test period it wishes to use to support its application.
3. Any increase in revenues under this
				section shall be allocated in accordance with a properly designed cost of
				service study.
4. A cooperative
				which has outstanding wholesale power cost riders which reflect permanent
				changes in power costs approved by a regulatory agency shall adjust its base
				rates to reflect such changes at the same time it increases its rates in a rate
				application.
5.
a. Except as otherwise provided herein, all
				applications for rate relief shall be filed in the original and 15 copies with
				the Clerk of the State Corporation Commission, c/o Document Control Center,
				P.O. Box 2118, Richmond, Virginia 23218.
b. Where a filing contains information that
				the applicant claims to be confidential, the filing may be made under seal
				provided it is accompanied by both a motion for protective order or other
				confidential treatment and an additional five copies of a redacted version of
				the filing to be available for public disclosure. Unredacted filings containing
				the confidential information shall, however, be immediately available to the
				commission staff for internal use at the commission.
Filings containing confidential (or redacted) information
				  shall be so stated on the cover of the filing, and the precise portions of the
				  filing containing such confidential (or redacted) information, including
				  supporting material, shall be clearly marked within the filing.
6. An electric
				cooperative intending to file a rate application shall notify the State
				Corporation Commission ("commission") and all parties of record appearing in
				the cooperative's last rate case at least 60 days in advance of the filing of
				the application. Also, public notice of the intent to file a rate application
				shall be provided 60 days in advance of the filing of said application to all
				of the cooperative's customers, using any of the methods of publication set out
				in subdivision C 12 of this section.
7. The commission retains the right to waive
				any or all parts of this section for good cause shown.
8. An application shall not be deemed filed
				under §
										56-238
				of the Code of Virginia unless it is in full compliance with this
				section.