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Commission declines second amended affiliated interest agreement between Consolidated Water Power and Billerud Americas
Summary
The commission voted to not approve a second amended affiliated interest agreement between Consolidated Water Power Company and Billerud Americas Corporation and clarified reporting requirements: annual filings for billing true-ups and continued quarterly filings to demonstrate compliance until the next rate proceeding.
The Public Service Commission voted Tuesday to decline approval of the second amended affiliated interest agreement between Consolidated Water Power Company and Billerud Americas Corporation.
Commissioner 3 moved that the commission "do not approve the second amended affiliated interest agreement between Consolidated Water Power Company and Billerud Americas Corporation, consistent with the Commission Secretary's description." Commissioner 4 seconded, and the motion passed with unanimous "Aye" votes.
Commissioner 2 restated the reporting conditions described in the suggested minute: requiring Consolidated and Billerud to "report any billing true ups to actual costs to the commission in annual filings until Consolidated's next rate case proceeding after the final decision," and requiring continued quarterly filings that "demonstrate all parts of the amended agreement are consistently being followed and that include itemized charges between Consolidated and Billerud until Consolidated's next filed rate proceeding after the final decision in this docket." The commissioners discussed a wording discrepancy about whether a specific filing was annual or quarterly and clarified that the two filing requirements address distinct obligations (annual true-up reporting versus ongoing quarterly compliance filings).
The commission did not provide a breakdown of the financial impacts, nor did the transcript state any dissenting votes or member recusals. The motion on the record denies approval of the amended affiliated interest agreement and sets the reporting and filing expectations described above.
