(a) An electric utility or a natural gas utility may use alternative methods of financing for the purpose of financing strategic investments under this subchapter.
(b) The alternative methods of financing may include without limitation:(1) Sale-leaseback agreements;(2) Third-party financing or customer financing; or(3) Other methods of financing.
(1) Sale-leaseback agreements;
(2) Third-party financing or customer financing; or
(3) Other methods of financing.
(c) (1) The Arkansas Public Service Commission shall not disallow, impute alternative values, or adjust the financing under this section unless the commission determines based on substantial evidence that:(A) The financing is unreasonable;(B) The costs are not prudently incurred; or(C) The financing is detrimental to customers.(2) (A) If an electric utility or a natural gas utility files additional evidence or other information demonstrating that the financing is reasonable and in the public interest, the commission shall enter an order approving the financing within thirty (30) days after its filing if the commission determines that approving the financing is consistent with the public interest.(B) If the commission determines that approving the financing is inconsistent with the public interest, in its order denying approval of the financing, the commission shall include a discussion of:(i) The basis for the commission's findings; and(ii) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.(C) (i) If an electric utility or a natural gas utility submits additional evidence or other information demonstrating that the financing is in the public interest, the commission shall enter an order approving the contract within thirty (30) days after its filing unless the commission determines that approving the financing is inconsistent with the public interest.(ii) If the commission determines that approving the financing is inconsistent with the public interest, in its order denying approval of the financing, the commission shall include a discussion of:(a) The basis for the commission's findings; and(b) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.(D) The process outlined in this subdivision (c)(2) may continue until the commission finds that:(i) Approving the financing is in the public interest;(ii) The electric utility or the natural gas utility withdraws its application; or(iii) The electric utility or the natural gas utility appeals the commission's decision under § 23-3-423.
(1) The Arkansas Public Service Commission shall not disallow, impute alternative values, or adjust the financing under this section unless the commission determines based on substantial evidence that:(A) The financing is unreasonable;(B) The costs are not prudently incurred; or(C) The financing is detrimental to customers.
(A) The financing is unreasonable;
(B) The costs are not prudently incurred; or
(C) The financing is detrimental to customers.
(2) (A) If an electric utility or a natural gas utility files additional evidence or other information demonstrating that the financing is reasonable and in the public interest, the commission shall enter an order approving the financing within thirty (30) days after its filing if the commission determines that approving the financing is consistent with the public interest.(B) If the commission determines that approving the financing is inconsistent with the public interest, in its order denying approval of the financing, the commission shall include a discussion of:(i) The basis for the commission's findings; and(ii) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.(C) (i) If an electric utility or a natural gas utility submits additional evidence or other information demonstrating that the financing is in the public interest, the commission shall enter an order approving the contract within thirty (30) days after its filing unless the commission determines that approving the financing is inconsistent with the public interest.(ii) If the commission determines that approving the financing is inconsistent with the public interest, in its order denying approval of the financing, the commission shall include a discussion of:(a) The basis for the commission's findings; and(b) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.(D) The process outlined in this subdivision (c)(2) may continue until the commission finds that:(i) Approving the financing is in the public interest;(ii) The electric utility or the natural gas utility withdraws its application; or(iii) The electric utility or the natural gas utility appeals the commission's decision under § 23-3-423.
(A) If an electric utility or a natural gas utility files additional evidence or other information demonstrating that the financing is reasonable and in the public interest, the commission shall enter an order approving the financing within thirty (30) days after its filing if the commission determines that approving the financing is consistent with the public interest.
(B) If the commission determines that approving the financing is inconsistent with the public interest, in its order denying approval of the financing, the commission shall include a discussion of:(i) The basis for the commission's findings; and(ii) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.
(i) The basis for the commission's findings; and
(ii) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.
(C) (i) If an electric utility or a natural gas utility submits additional evidence or other information demonstrating that the financing is in the public interest, the commission shall enter an order approving the contract within thirty (30) days after its filing unless the commission determines that approving the financing is inconsistent with the public interest.(ii) If the commission determines that approving the financing is inconsistent with the public interest, in its order denying approval of the financing, the commission shall include a discussion of:(a) The basis for the commission's findings; and(b) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.
(i) If an electric utility or a natural gas utility submits additional evidence or other information demonstrating that the financing is in the public interest, the commission shall enter an order approving the contract within thirty (30) days after its filing unless the commission determines that approving the financing is inconsistent with the public interest.
(ii) If the commission determines that approving the financing is inconsistent with the public interest, in its order denying approval of the financing, the commission shall include a discussion of:(a) The basis for the commission's findings; and(b) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.
(a) The basis for the commission's findings; and
(b) The specific evidence or information provided by the electric utility or the natural gas utility as part of its application upon which the commission relied to reach that conclusion in its order.
(D) The process outlined in this subdivision (c)(2) may continue until the commission finds that:(i) Approving the financing is in the public interest;(ii) The electric utility or the natural gas utility withdraws its application; or(iii) The electric utility or the natural gas utility appeals the commission's decision under § 23-3-423.
(i) Approving the financing is in the public interest;
(ii) The electric utility or the natural gas utility withdraws its application; or
(iii) The electric utility or the natural gas utility appeals the commission's decision under § 23-3-423.