Under current law, a consumer-owned transmission and distribution utility may keep a contingency reserve fund for capital purposes to reflect up to a 25% addition to yearly revenues over the amount required to operate the utility, not including any purchased power supply costs. This bill increases the amount that a consumer-owned transmission and distribution utility may keep in a contingency reserve fund to reflect up to a 50% addition to yearly revenues over the amount required to operate the utility. The bill removes the language that excludes any purchased power supply costs from this formula.

Statutes affected:
Bill Text LD 1412, HP 934: 35-A.3503