Section 196.192. Market-based compensation, rates and contracts.

 

(1)  In this section, “electric public utility" means a public utility whose purpose is the generation, distribution and sale of electric energy.

(2)  No later than March 1, 2000, each investor-owned electric public utility shall do each of the following:

(a) File with the commission rates that result in customers receiving market-based compensation for voluntary interruptions of firm load during peak periods of electric use.

(b) File with the commission market-based pricing options and options for individual contracts that allow a retail customer, through service from its existing public utility, to receive market benefits and take market risks for the customer's purchases of capacity or energy.

(3)  

(a) The commission shall approve market-based rates that are consistent with the options specified in sub. (2) , except that the commission may not approve a market-based rate unless the commission determines that the rate will not harm shareholders of the investor-owned electric public utility or customers who are not subject to the rate.

(b) Nothing in s. 196.20 , 196.22 , 196.37 , 196.60 or 196.604 prohibits the commission from approving a filing under sub. (2) or approving market-based rates under par. (a) .

(4)  Subject to any approval of the commission that is necessary, an electric public utility that is not an investor-owned electric public utility may implement market-based rates approved under sub. (3) (a) or implement the options in filings under sub. (2) that are approved by the commission.

1999 a 9; 2013 a. 125 .