Utility Dive covered Illinois Commerce Commission's rejection of changing regulatory accounting rules to allow partial recovery cloud-based computing costs through customer rates, quoting AEE's Danny Waggoner. Read excerpts below and the entire UD piece here.
The Illinois Commerce Commission (ICC) has rejected a change in regulatory accounting rules proposed by its staff and the state’s utilities, which would have allowed the partial recovery of contracting costs for cloud-based data processing through higher customer rates. The proposal would have allowed utilities to treat at least part of the cost of cloud-based computing services as infrastructure investments just as if they had purchased computer hardware and software and hired staff...