{"operation":"document","citation":"4 CCR 723-4 Rule 4410","title":"Refunds","source_type":"regulation","agency":"Colorado Public Utilities Commission","status":"current","official":true,"published_on":null,"effective_on":null,"summary":"(a) A utility shall file an application for Commission approval of a refund plan if it seeks to refund monies of an amount that exceeds one half of one percent of the utility's prior year's total gross revenues as reported to the Commission in its most recent annual report. The utility may refund am","machine_formats":{"json":"https://regulus.evalyn.ai/document/co-ccr-4-723-4-4410.json","markdown":"https://regulus.evalyn.ai/document/co-ccr-4-723-4-4410.md"},"app_url":"https://regulus.evalyn.ai/document/co-ccr-4-723-4-4410","source_url":"https://www.sos.state.co.us/CCR/DisplayRule.do?action=ruleinfo&ruleId=2260&deptID=18&agencyID=96&deptName=Department%20of%20Regulatory%20Agencies&agencyName=Public%20Utilities%20Commission&seriesNum=4%20CCR%20723-4","body":"(a) A utility shall file an application for Commission approval of a refund plan if it\nseeks to refund monies of an amount that exceeds one half of one percent of the\nutility’s prior year’s total gross revenues as reported to the Commission in its\nmost recent annual report. The utility may refund amounts to the appropriate\ncustomers or classes of customers of less than one half of one percent of the\nutility’s prior year’s gross revenues without Commission approval; however, such\nrefunds are required to be noted in the utility’s annual report when filed with the\nCommission pursuant to paragraph 4006(a).\n(b) The application for approval of a refund plan shall include, in the following order\nand specifically identified, the following information either in the application or in\nthe appropriately identified attachments:\n(I) all the information required in paragraphs 4002(b) and 4002(c);\n(II) the reason for the proposed refund;\n(III) a detailed description of the proposed refund plan, including the type of\nutility service involved, the service area involved, the class(es) of\ncustomers to which the refund will be made, and the dollar amount (both\nthe total amount and the amount to be paid to each customer class) of the\nproposed refund. The interest rate on the refund shall be the current\ninterest rate in the applying utility’s customer deposits tariff;\n(IV) the date the applying utility proposes to start making the refund, which\nshall be no more than 60 days after the filing of the application; the date\nby which the refund will be completed; and the means by which the refund\nis proposed to be made;\n(V) if applicable, a reference (by proceeding number, decision number, and\ndate) to any Commission decision requiring the refund or, the order itself if\nthe refund is to be made because of receipt of monies by the applying\nutility under the order of a court or of another state or federal agency;\n(VI) a statement describing in detail the extent to which the applying utility has\nany financial interest in any other company involved in the refund plan;\n(VII) a statement showing accounting entries under the Uniform System of\nAccounts; and\n(VIII) a statement that, if the application is granted, the applying utility will file an\naffidavit verifying that the refund has been made in accordance with the\nCommission’s decision.\n\n(c) A utility shall pay 90 percent of all undistributed balances, plus associated\ninterest, to the energy assistance organization. For purposes of this rule, a refund\nis deemed undistributed if, after good faith efforts, a utility is unable to find the\nperson entitled to a refund within the period of time fixed by the Commission in its\ndecision approving the refund plan.\n(d) A utility shall pay an undistributed refund to the energy assistance organization\nwithin four months after the refund is deemed undistributed. A utility shall pay\ninterest on an undistributed refund from the time it receives the refund until the\nrefund is paid to the energy assistance organization. The interest rate shall be\nequal to the interest rate set by the Commission pursuant to paragraph 4403(m).\n(e) Whenever a utility makes a refund, it shall provide written notice to those\ncustomers that it believes may be master meter operators. The notice shall\ncontain:\n(I) the definition of master meter operator, as set forth in these rules;\n(II) a statement regarding a mater meter operator's obligation to do the\nfollowing:\n(A) to notify its end users of their right to claim, within 90 days, their\nproportionate share of the refund; and\n(B) after 90 days, if the unclaimed balance exceeds $100, to remit the\nunclaimed balance to the energy assistance organization.\n(f) A utility shall resolve all inquiries regarding a customer’s undistributed refund and\nshall not refer such inquiries to the energy assistance organization.\n(g) If a utility has paid an undistributed refund to the energy assistance organization,\na customer later makes an inquiry claiming that refund, and the utility resolves\nthe inquiry by paying that refund to the customer, the utility may deduct the\namount paid to the customer from future funds submitted to the energy\nassistance organization.","truncated":false,"body_characters":4197}