Idaho § 61-1605 - Cost reduction rate
Full text of Idaho Idaho Statutes § 61-1605 — Cost reduction rate, with citation guidance and answers to common questions.
§ 61-1605. Cost reduction rate
(1) Each cost reduction order shall specify a procedure for making adjustments to the cost reduction rate that is the subject of the order.
(2) Upon application by a public utility the commission may:
(a) Authorize the making of adjustments to the cost reduction rate at more frequent intervals than those specified in such order; and/or
(b) Authorize a change in the method for calculating the cost reduction rate from that specified in such order so as to better ensure the timely and complete recovery of all approved costs.
(3) The cost reduction rate shall be treated as a charge for utility services for purposes of determining both the credit and collection standards and the remedies for nonpayment that are available to a public utility.
(4) A cost reduction rate shall constitute cost reduction property when, and to the extent that, a cost reduction order authorizing such cost reduction rate has become effective in accordance with this chapter, and the cost reduction property shall thereafter continuously exist as property for all purposes with all of the rights and privileges of this chapter for the period and to the extent provided in the cost reduction order, but in any event until the approved costs are paid in full.
(5) Any surplus cost reduction rate collections in excess of the amounts necessary to pay approved costs shall be used in such manner as the commission may reasonably determine.
(6) The obligation to pay amounts in respect of a cost reduction rate cannot be avoided by the formation of a local publicly owned utility or other entity, or by annexation of any portion of the service territory of the public utility by a local publicly owned electric utility or other entity.
[61-1605, added 2005, ch. 372, sec. 1, p. 1189.]
Frequently Asked Questions About Idaho § 61-1605
What does Idaho Statutes § 61-1605 cover?
Section 61-1605 ("Cost reduction rate") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 61-1605?
A common citation format is "Idaho Statutes § 61-1605" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 61-1605 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.