multiyear rate plans

In response to recent state legislation that explicitly provides for rate-regulated utilities to pursue multiyear rate plans, the Minnesota Public Utilities Commission adopted a set of guiding principles for the development of such plans. The law, passed in 2011, allows utilities to request multiyear plans, up to a maximum three-year rate-effective period, under which the rates to be charged in each year of the set period will be established in but a single rate proceeding.