Sec. 16-244n. Standard service contract buydown. Upon the request of an electric distribution company, the Department of Energy and Environmental Protection shall initiate a docket to consider the buydown of an electric distribution company's current standard service contract to reduce ratepayer bills and conduct a cost benefit analysis of such a buydown. If the department, as a result of such docket, determines such a buydown is in the best interest of ratepayers, the company shall proceed with such buydown.
(P.A. 11-80, S. 93.)
History: P.A. 11-80 effective July 1, 2011 (Revisor's note: A reference to “Bureau of Public Utility Control” was deleted editorially by the Revisors for clarity).