42.29.111 QUALIFYING EXPENDITURES AND TIMING
(1) A utility or large customer may be entitled to receive a credit against its universal system benefits obligation for the total cost of a qualifying expenditure. A qualifying expenditure by a utility or large customer shall be deemed to occur when resources or funds are financially committed by a utility or large customer to a program, project, or activity whether by payment, contract, or other obligation and such credited funds or resources shall be expended by the end of the following calendar year, unless the department grants an extension for good cause shown.
(2) Qualifying expenditures specifically include, but are not limited to an expenditure or financial commitment by a utility or large customer to a qualifying low-income energy assistance program such as energy share of Montana or the state's low income energy assistance program.
(3) A qualifying expenditure by a utility or large customer includes a commitment of funds or resources to a universal system benefits program as defined at 69-8-103 , MCA.
(4) When an expenditure is made as described in (1) , it may qualify for the calendar year in which it is made. If, for example, a large customer expends funds to the state weatherization program any time prior to December 31, the expenditure may qualify as such a credit in that year. The state of Montana need not expend the funds by December 31 in order for the claimant to receive a credit for the expenditure.
History: Sec. 69-8-413, MCA; IMP, Sec. 69-8-402 and 69-8-414, MCA; NEW, 1999 MAR p. 2927, Eff. 12/17/99; AMD, 2002 MAR p. 209, Eff. 2/1/02.