§ 57.123a. Project commencement and qualification.
(a) An electric utility with coal-fired generating capacity shall, within a reasonable period of time, commence all coal-fired unit uprating projects which are found to be economically feasible and beneficial to ratepayers.
(b) Upon application of the affected utility, the Commission may qualify an uprating project for special cost recovery under § 57.124 (relating to special cost recovery). The application shall provide cost/ benefit analyses which clearly demonstrate, under present value revenue requirements calculations, that the benefits of uprating the unit will exceed project costs over the operational life of the investment or the remaining life of the unit, whichever is less.
(c) If a utility fails, within a reasonable period of time, to commence a project shown to be cost effective and economically feasible, the utility shall be subject to adjustment of rates under 66 Pa.C.S. § 1309 (relating to rates fixed on complaint; investigation of costs of production).
Authority The provisions of this § 57.123a issued under the Public Utility Code, 66 Pa.C.S. § § 308, 331, 501, 504 and 1501.
Source The provisions of this § 57.123a adopted January 13, 1995, effective January 14, 1995, 25 Pa.B. 150.
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