Assembly Bill 751 proposes amendments to the existing statutes regarding the calculation of fuel costs for electric public utilities in Wisconsin. The bill introduces a new provision that defines "Midcontinent Independent System Operator" and modifies the existing requirements for calculating fuel costs. Specifically, it mandates that fuel costs must now include the costs associated with purchasing and the revenue generated from selling electricity generation capacity that complies with the standards set by the Midcontinent Independent System Operator.

Additionally, the bill clarifies that if an electric public utility has an approved fuel cost plan, the Public Service Commission (PSC) is required to defer any under-collection or over-collection of fuel costs that fall outside the utility's established symmetrical fuel cost annual tolerance for future rate recovery or refunds. This change aims to ensure a more comprehensive approach to fuel cost calculations, reflecting the evolving energy market dynamics and regulatory requirements.

Statutes affected:
Bill Text: 196.20(4)(c)1, 196.20