Incentive Cost Recovery Rule for Nuclear Power Generation (Louisiana)
Last modified on February 12, 2015.
|Applies to States or Provinces||Louisiana|
|Name||Incentive Cost Recovery Rule for Nuclear Power Generation (Louisiana)|
|Policy Category||Other Policy|
|Policy Type||Fees, Generating Facility Rate-Making|
|Implementing Sector|| Utility
|Program Administrator||Louisiana Public Service Commission|
|Primary Website|| http://lpscstar.louisiana.gov/star/ViewFile.aspx?Id=d1294d38-5bb0-482c-b498-5cf977743602
|Last Review|| 2014-09-15
The Incentive Cost Recovery Rule for Nuclear Power Generation establishes guidelines for any utility seeking to develop a nuclear power plant in Louisiana. The rule clarifies, as well as supplements the Louisiana Public Service Commission’s 1983 General Order for the acquisition of nuclear generation resources. The goal of the rule is to provide a transparent process that identifies the responsibilities parties in the regulatory process for the approval of the siting, design, licensing, and construction of a nuclear power plant. Certification under this process comes in three phases: a siting and licensing phase; a plant design and development phase; and a construction phase. The rule describes the certification process and outlines utility filing requirements. Once a phase is certified, costs will be reviewed and approved on an annual basis for future recovery in rates when the plant is either canceled or begins commercial operation. Cash earnings on construction work in progress will be recovered in rates during the certified phase of nuclear plant development. The rule is covered in Docket R-29712.
|Contact Name||Donnie Marks|
|Department||Louisiana Public Service Commission|
|Division|| Electric Division