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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 20. Public Utilities and Telecommunications |
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Agency 5. State Corporation Commission |
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Chapter 301. Rules Governing the Use of Bidding Programs to Purchase Electricity from Otherpower Suppliers |
Section 60. Company cost benchmark
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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.
Historical Notes
Derived from Case No. PUE900029, eff. November 28, 1990.