Alternative procedure for modifying rates and charges of a generation and transmission cooperative.
Ark. Code Ann. § 23-4-1104
in effect(a)(1)(A) After the board approves the modification in rates and charges under § 23-4-1102, the generation and transmission cooperative shall file for the approval of the Arkansas Public Service Commission an application for the change in rates and charges and tariffs containing the proposed change in rates and charges.
(B) However, a rate rider or other rider to the generation and transmission cooperative's base rates and charges shall not be modified under this subchapter unless the commission determines otherwise.
(2) In addition to an attachment containing the proposed tariffs to effect the modification of the rates and charges, the application shall provide the following:
(A) Proof of the board vote required by § 23-4-1102;
(B) The proof of notice required by § 23-4-1103;
(C) A current calculation of the generation and transmission cooperative's:
(i) Times interest earned ratio;
(ii) Debt service coverage ratio; and
(iii) Margins as a percent of revenue for the last available calendar year;
(D) An analysis of the impact of the proposed change in rates and charges on each member cooperative's cost of wholesale power that is acquired from the generation and transmission cooperative;
(E) Documentary evidence that the impact of the proposed change in rates and charges does not exceed five percent (5%) of the generation and transmission cooperative's total gross revenues for the previous twelve-month period before the generation and transmission cooperative's notice under § 23-4-1103(a)(1);
(F) Documentation that shows the derivation of the generation and transmission cooperative's proposed changes in its rates and charges; and
(G)(i) Any other supporting documentation or evidence required by the commission to validate the requirements of this subchapter.
(ii)(a) However, the commission shall not require the generation and transmission cooperative to prepare a cost-of-service study.
(b) In lieu of voluntarily filing a new cost-of-service study for approval, the generation and transmission cooperative shall rely upon the most recent commission-approved cost allocation.
Source: Arkansas General Assembly, Acts of 2021-2026 (arkleg.state.ar.us)URL: https://arkleg.state.ar.us/Acts/FTPDocument?path=%2FACTS%2F2025R%2FPublic%2F&file=373.pdf&ddBienniumSession=2025%2F2025RFetched: 11/8/2026