| Requires that any proposed capital expenditure to be considered in a rate proceeding must be stated in full detail with each project described in full detail by the utility, and that at any hearing involving consideration of a proposed capital expenditure for purposes of a rate proceeding, a capital expenditure to be used in determining a rate increase, shall not be considered in whole or part, if the utility does not show by the preponderance of the evidence that the desired outcome through such capital expenditure is just and reasonable and beneficial to ratepayers, with consideration given to both immediate and long-term impacts. |
