LIS

Virginia Law

Administrative Code

Creating a Report: Check the sections you'd like to appear in the report, then use the "Create Report" button at the bottom of the page to generate your report. Once the report is generated you'll then have the option to download it as a pdf, print or email the report.

Virginia Administrative Code
Title 20. Public Utilities And Telecommunications
Agency 5. State Corporation Commission
Chapter 301. Rules Governing the Use of Bidding Programs to Purchase Electricity from Other Power Suppliers
11/21/2024

20VAC5-301-60. Company cost benchmark.

An electric utility conducting a bidding program must develop detailed cost estimates of its own build options. Those options may include units jointly planned with other companies. Cost estimates must be current and based on the prices likely to be actually quoted by manufacturers and vendors of power plant equipment. These estimates need not be divulged to potential bidders. However, if detailed cost estimates are not identified in the company's RFP such estimates must be submitted to the Commission prior to the company receiving competitive bids. The Commission will treat utility cost estimates as confidential during the bid evaluation and contracting period.

Statutory Authority

§§ 56-234.3, 56-234.4, 56-235.1 and 56-249 of the Code of Virginia.

Historical Notes

Derived from Case No. PUE900029, eff. November 28, 1990.

Website addresses provided in the Virginia Administrative Code to documents incorporated by reference are for the reader's convenience only, may not necessarily be active or current, and should not be relied upon. To ensure the information incorporated by reference is accurate, the reader is encouraged to use the source document described in the regulation.

As a service to the public, the Virginia Administrative Code is provided online by the Virginia General Assembly. We are unable to answer legal questions or respond to requests for legal advice, including application of law to specific fact. To understand and protect your legal rights, you should consult an attorney.