ACC Hearing Officer Recommends 100 Percent Stranded Cost Recovery for Tucson Electric Power Company.TUCSON, Ariz.--(BUSINESS WIRE)--Oct. 27, 1999-- Tucson Electric Power Tucson Electric Power (TEP) is an electric utility company serving southern Arizona in the United States. It is a subsidiary of the UniSource Energy Corporation. Tucson Electric Park, a baseball stadium on Tucson's south side, is named for TEP. Company (TEP TEP Tucson Electric Power TEP Tomographie par Emission de Positons (French: Nuclear medicine imaging) TEP Technical Evaluation Panel TEP The English Patient (movie) TEP Transportation Enhancement Program ) will have the opportunity to recover 100 percent of its regulatory assets and generation-related stranded costs under a Recommended Opinion and Order related to TEP's Stranded Cost Settlement Agreement pending before the Arizona Corporation Commission (ACC See adaptive cruise control. ). The Recommended Order, filed Tuesday, October 26 by Chief Hearing Officer Jerry Rudibaugh, sets a November 4 deadline for parties to file exceptions to the Recommended Order. No date has been set for an Open Meeting for the ACC to consider and vote on the Recommended Order. The Recommended Order supports approval of the Agreement with certain modifications. The order recommends that TEP, a subsidiary of UniSource Energy Corporation (NYSE NYSE See: New York Stock Exchange : UNS Uns The symbol for the element unnilseptium. ), be authorized to implement the stranded cost recovery plan as presented in the Agreement. In particular, the Chief Hearing Officer supported the methodology of a Fixed and Floating Competition Transition Charge as "reasonable and appropriate" for the collection of stranded costs. The Recommended Order also supports the proposal in the Agreement to transfer TEP's generation assets into a TEP subsidiary by the end of 2002. The Agreement anticipates opening TEP's retail market to competition within 60 days after the Recommended Order is approved by the ACC. At that time, TEP will open more than 20 percent of its service territory to competitive suppliers. All customers will have the opportunity to purchase competitively provided electric energy beginning January 1, 2001. TEP will continue to serve both the transmission and distribution needs of all its customers. UniSource Energy's principal subsidiaries include TEP; Advanced Energy Technologies, Inc., a developer of renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. and distributed generation Distributed generation generates electricity from many small energy sources. It has also been called also called on-site generation, dispersed generation, embedded generation, decentralized generation, decentralized energy or technologies; Nations Energy Corp., an independent power developer; and Southwest Energy Solutions. TEP Public Affairs P.O. Box 711 Tucson, AZ 85702 (520) 884-3742 www.unisourceenergy.com www.tucsonelectric.com |
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