(220 ILCS 5/9-212) (from Ch. 111 2/3, par. 9-212)
Sec. 9-212.
No new electric utility generating plant or gas production
facility, or significant addition to existing facilities or plant, shall be
included in a utility's rate base unless and until the utility proves, and
the Commission determines, that such plant or facility is both prudent and
used and useful in providing utility service to the utility's customers.
For purposes of this Section, "prudent" means that
at the time of
certification, initiation of construction and each subsequent evaluation of
any construction project until the time of completion, based on the evidence
introduced in any hearings and all information which was known or should
have been known at the time, and relevant planning and certification
criteria, it was prudent and reasonable to conclude that the generating or
production facility would be used and useful in providing service to
customers at the time of completion. If the Commission has issued a
certificate of public convenience and necessity for the completed facility,
and to the extent that the Commission approves continued construction upon
reevaluation subsequent to certification, such actions shall constitute
prima facie evidence of the prudence of construction. If the
Commission
determines as a result of reevaluation during construction that the
facility should not be completed, such determination shall constitute prima
facie evidence that subsequent construction expenditures were imprudent.
A generation or production facility is used and useful only if, and only
to the extent that, it is necessary to meet customer demand or economically
beneficial in meeting such demand. No generation or production facility
shall be found used and useful until and unless it is capable of generation or
production at significant operating levels on a consistent and sustainable
basis. Any pollution control devices for the control of sulfur dioxide
emissions installed or used in accordance with, and up to the cost
specified in, an order or supplemental order of the Commission entered
pursuant to subsection (e) of Section 8-402.1 shall be deemed prudent and
shall, upon being placed into operation on a consistent, sustainable basis
by the public utility, be deemed used and useful.
(Source: P.A. 90-655, eff. 7-30-98.)
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