for differences, whether positive or negative, between revenues
approved in a base rate case and actual revenues sales used to
set rates and actual sales, including, but not limited to,
customer adjustments or other adjustments, such as collars or
caps, deemed appropriate by the commission.
"Peak demand." The highest electrical requirement occurring
during a specified period. For an electric distribution company,
the term shall mean the sum of the metered consumption for all
retail customers over that period.
"Quality assurance." All of the following:
(1) The auditing of buildings, equipment and processes
to determine the cost-effectiveness of energy efficiency and
conservation measures using nationally recognized tools and
certification programs.
(2) Independent inspection of completed energy
efficiency and conservation measures completed by third-party
entities to evaluate the quality of the completed measure.
"Real-time price." A rate that directly reflects the
different cost of energy during each hour.
"Time-of-use rate." A rate that reflects the costs of
serving customers during different time periods, including off-
peak and on-peak periods, but not as frequently as each hour.
"Total resource cost test." A standard test that is met if,
over the effective life of each plan not to exceed 15 years, the
net present value of the avoided [monetary] quantifiable cost of
supplying electricity is greater than the net present value of
the monetary cost of energy efficiency conservation measures.
Section 2. In addition to the requirement under section
2806.1(b)(1)(ii), the commission may require an electric
distribution company to file a new plan which meets the
20180SB1236PN1967 - 7 -
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30