54-17-202. Requirements for solicitation.

206 words·~1 min read·/ut/title-54/chapter-17/54-17-202

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The commission shall make rules, in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act , outlining the requirements for a solicitation process. The rules required by this Subsection

(1)shall include:

(a)the type of screening criteria an affected electrical utility may use in a solicitation process including the risks an affected electrical utility may consider;

(b)the required disclosures by an affected electrical utility if a solicitation includes a benchmark option;

(c)the required disclosures by an affected electrical utility related to the methodology the affected electrical utility uses to evaluate bids; and

(d)the participation of an independent evaluator in a manner consistent with Section 54-17-203 .

(2)If an affected electrical utility is subject to regulation in more than one state regarding the acquisition, construction, or cost recovery of a significant energy resource, in making the rules required by Subsection

(1), the commission may consider the impact of the multistate regulation including requirements imposed by other states as to:

(a)the solicitation process;

(b)cost recovery of resources; and

(c)methods by which the affected electrical utility may be able to mitigate the potential for cost disallowances.

Amended by Chapter 382 , 2008 General Session