§ 69.204. Financing of nuclear fuel acquisitions.
(a) A utility should have a written policy setting forth economic and other conditions under which different methods of financing—leasing or owning—nuclear fuel should be utilized.
(b) A utility should perform an economic analysis in conjunction with nuclear fuel financings. The analysis should include a study of financing costs for owning versus leasing nuclear fuel and the impact on the utility’s overall revenue requirements under both alternatives. The method of rate recovery of nuclear fuel costs should not be a primary factor when deciding to own or lease nuclear fuel.
(c) A utility should document the economic analyses required to comply with this section. These documents should be retained by the utility in accordance with the Federal Energy Regulatory Commission’s Record Retention Table and made available in the event of Pennsylvania Public Utility Commission’s review.
Source The provisions of this § 69.204 adopted March 29, 1991, effective May 30, 1991, 21 Pa.B. 1331.
Cross References This section cited in 52 Pa. Code § 69.201 (relating to general); 52 Pa. Code § 69.205 (relating to purchasing procedures); and 52 Pa. Code § 69.206 (relating to inventory management).
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