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Department proposes slower IRP cycle for munis/co‑ops, status reports and tie to streamlined rate increases
Summary
The Department of Public Service proposed moving municipal and cooperative utilities from a 3‑year to a 5‑year integrated resource plan cycle with an interim status report, adding 'reliability' and 'resilience' to planning criteria, and linking access to a streamlined annual rate increase to having an approved IRP (proposal includes raising the streamlined increase from 3% to 4%).
TJ Poor, director of regulated utility planning at the Department of Public Service, outlined proposed statutory changes to integrated resource plans (IRPs) and related regulatory hooks.
Poor said the department proposes that municipal and cooperative utilities file full IRPs every five years rather than every three, with an interim status report in between that would be lighter than a full IRP. He said the…
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