<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 49-34A-74 - Approval of phase in rate plan--Conditions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2070759Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2070759SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070759CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2070759Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2070759DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2070759Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2070759000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2070759SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2070759SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2070759Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34A-74"><span class="s2070759SENU">49-34A-74</span></a><span xml:space="preserve" class="s2070759SENU">. </span><span class="s2070759CL">Approval of phase in rate plan--Conditions.</span></p><p dir="ltr" class="s2070759Normal-000000"><span xml:space="preserve" class="s2070759DefaultParagraphFont">The commission may approve a phase in rate plan as provided in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=49-34A-73"><span class="s2070759DefaultParagraphFont">49-34A-73</span></a><span xml:space="preserve" class="s2070759DefaultParagraphFont"> if:</span></p><p dir="ltr" class="s2070759Normal-000001"><span class="s2070759DefaultParagraphFont">(1)    The electric utility makes application for a phase in rate plan prior to the commencement of or during construction, or prior to acquisition of the plant additions;</span></p><p dir="ltr" class="s2070759Normal-000001"><span class="s2070759DefaultParagraphFont">(2)    The electric utility files with the application a full cost of service analysis as required for general rate increases including a projection of costs and revenue requirements to the date of the anticipated commercial operation of the plant additions or through the term of the new power purchases;</span></p><p dir="ltr" class="s2070759Normal-000001"><span class="s2070759DefaultParagraphFont">(3)    The commission affords an opportunity for a hearing with notice given as required for any rate increase; and</span></p><p dir="ltr" class="s2070759Normal-000001"><span class="s2070759DefaultParagraphFont">(4)    The commission finds that the phase in rate plan is likely to enhance adequate utility service, rate stability, the financial stability of the electric utility, reasonable capital costs, just and reasonable rates, a fair rate of return, and other considerations that benefit the public interest.</span></p><p dir="ltr" class="s2070759Normal"><span xml:space="preserve" class="s2070759000002"> </span></p><p dir="ltr" class="s2070759Normal"><span class="s2070759SCL">Source:</span><span xml:space="preserve" class="s2070759SCL-000003"> SL 1992, ch 331, § 2; SL 2012, ch 230, § 3; SL 2015, ch 233, § 2.</span></p></div></body></html>