Section 16-243p - Recovery of costs, investments and lost revenues by an electric distribution company(a) An electric distribution company may recover its costs and investments that have been prudently incurred as well as its revenues lost resulting from the provisions of sections 16-1, 16-19 ff, 16-50 k, 16-50 x, 16-243 h to 16-243 q, inclusive, 16-244 c, 16-244 u, 16-244 x, 16-245 d, 16-245 m, 16-245 n, 16-245 z, 16-262 i, 16a-40l and 16a-40m and section 21 of public act 05-1 of the June special session*. The Public Utilities Regulatory Authority shall, after a hearing held pursuant to the provisions of chapter 54, determine the appropriate mechanism to obtain such recovery in a timely manner which mechanism may be one or more of the following: (1) Approval of rates as provided in sections 16-19 and 16-19e;(2) the energy adjustment clause as provided in section 16-19b; or(3) the federally mandated congestion charges, as defined in section 16-1.(b) For any rate proceeding initiated on or after January 1, 2024, no electric distribution company, gas company, pipeline company or water company with more than seventy-five thousand customers shall recover through rates its direct or indirect costs associated with its attendance in, participation in, preparation for, or appeal of such rate proceeding. Such costs shall include, but need not be limited to, attorneys' fees, fees to engage expert witnesses or consultants, the portion of employee salaries associated with such attendance, participation, preparation or appeal of a rate proceeding and related costs identified by the authority.(c) Electric distribution companies shall be authorized to earn an incentive, as provided in section 16-19kk, for costs prudently incurred by such companies pursuant to this section.Conn. Gen. Stat. § 16-243p
( June Sp. Sess. P.A. 05-1 , S. 15 ; P.A. 11-80 , S. 1 ; P.A. 13-5 , S. 35 ; 13-298 , S. 66 ; P.A. 14-94 , S. 31 ; 14-134 , S. 121 ; P.A. 16-116 , S. 1 .)
*Note: Section 21 of public act 05-1 of the June special session is special in nature and therefore has not been codified but remains in full force and effect according to its terms.
Amended by P.A. 23-0204, S. 115 of the Connecticut Acts of the 2023 Regular Session, eff. 6/12/2023.Amended by P.A. 23-0102,S. 2 of the Connecticut Acts of the 2023 Regular Session, eff. 6/29/2023.Amended by P.A. 20-0005, S. 8 of the Connecticut Acts of the 2020 Third Special Session, eff. 11/1/2020.Amended by P.A. 16-0116, S. 1 of the Connecticut Acts of the 2016 Regular Session, eff. 5/31/2016.Amended by P.A. 14-0134, S. 121 of the Connecticut Acts of the 2014 Regular Session, eff. 6/6/2014.Amended by P.A. 14-0094, S. 31 of the Connecticut Acts of the 2014 Regular Session, eff. 6/6/2014.