Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 23.00 - Competitively Solicited Long-term Contracts for Offshore Wind Energy
Section 23.07 - Remuneration to Distribution Companies
Universal Citation: 220 MA Code of Regs 220.23
Current through Register 1531, September 27, 2024
(1) A Distribution Company may receive an annual remuneration up to 2.75% of the annual payments under a Long-term Contract. The purpose of such remuneration shall be to compensate the Distribution Company for accepting the financial obligation of the Long-term Contract.
(2)220 CMR 23.07 shall be acted upon by the Department at the time of contract approval.
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