How does BIA include changes in purchased power costs in electric power rates?
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
When our cost of purchased power changes:
(a) We determine the effect of the change;
(b) We adjust the purchased power component of your bill accordingly;
(c) We add the purchased power adjustment to the existing electric power rate and put it into effect immediately;
(d) The purchased power adjustment remains in effect until we determine future adjustments are necessary;
(e) We must publish in the local newspaper and post at our office a notice of the purchase power adjustment and the basis for the adjustment; and
(f) Our decision to make a purchased power adjustment must be final.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.