§39A‑208  Treatment of special purposerevenue bonds in regulatory proceedings.  (a)  In the setting of rates tobe paid by the consumers of utility services, the public utilities commissionshall provide such consumers the maximum benefits derived by the utility fromthe use of such bonds.

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