Rate-Making Policy (Wisconsin)
(Redirected from WI Act 7)
Last modified on February 12, 2015.
|Policy Category||Other Policy|
|Policy Type||Generating Facility Rate-Making|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Start Date|| 2005
|Program Administrator||Public Service Commission of Wisconsin|
|Primary Website|| https://docs.legis.wisconsin.gov/frame/document/statutes/196.371
| Last Substantive Modification
WI Act 7 states that, when proposing the purchase or construction of an electric generating facility, a utility may "apply to the [WI Public Service Commission] for an order specifying in advance the rate-making principles" that the Public Service Commission will use for "future rate-making proceedings."
The Nuclear Energy Institute highlights that "There is no restriction on the type or the size of electric generating unit for which rate-making principles can be set in advance." Rate-making principles apply to the utility's capital cost recovery, including: (i) price of the facility, (ii) modifications, and/or (iii) improvements. Therefore, a utility can undertake a project with clear expectations for future cost recovery.
|Contact Name||Jerry Albrecht|
|Department|| Public Service Commission of Wisconsin