Political Quotes

William Tauzin: “yes, it does. And it is a little complex, so let me try to explain. Briefly the requester would, in fact, pay the same…”

On the recordNovember 18, 2003
yes, it does. And it is a little complex, so let me try to explain. Briefly the requester would, in fact, pay the same transmission cost as any other transmission customer. The embedded cost language simply clarifies that in the up-front lump-sum payment to fund the upgrade, the requester is not required to pay both the cost of the physical upgrade and the entire future cost of any monetary credits or the compensation the requester will later receive. The embedded cost of the physical upgrade is not rolled into the rate base because it is paid for up front by the requester. The cost of the upgrade in terms of the monetary credits used to compensate the requester, however, are rolled into the rate base. Thus, these costs are included in the imbedded cost transmission charges on a prorated base as the credits are provided to the requester. All transmission customers, of course, must pay this transmission charge.
Said by
William Tauzin
Republican · Louisiana
Source
govinfo.gov

Editor's note · Context

Explaining the cost structure for transmission upgrades in a legislative context.

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