§39A‑208  Treatment of special purpose
revenue bonds in regulatory proceedings.  (a)  In the setting of rates to
be paid by the consumers of utility services, the public utilities commission
shall provide such consumers the maximum benefits derived by the utility from
the use of such bonds.



(b)  For the purpose of public disclosure, the
public utilities commission, in every rate proceeding involving a public
utility which has utilized special purpose revenue bonds, shall make estimates
of (A) the probable amounts which would have been incurred by the utility as
capital costs if financing by means other than special purpose revenue bonds
were utilized, (B) the amount the utility pays for such bonds, including the
principal and sinking fund requirements, the interest, and other expenses
appropriately attributable to special purpose revenue bond financing, and (C)
the difference between (A) and (B), or the estimated savings realized by the
consumers of the utility services. [L 1981, c 151, pt of §2; am L 1982, c 147,
§4]