740.1.
(a) The commission shall consider the following guidelines in evaluating the research, development, and demonstration programs proposed by electrical and gas corporations:(a) (1) Projects should offer a reasonable probability of providing benefits to ratepayers.
(b) (2) Expenditures on projects which that have a low probability for success should be minimized.
(c) (3) Projects should be consistent with the corporation’s resource plan.
(d) (4) Projects should not unnecessarily duplicate research currently, previously, or imminently undertaken by other electrical or gas corporations or research organizations.
(e) (5) Each project should also support one or more of the following objectives:
(1) (A) Environmental improvement.
(2) (B) Public and employee safety.
(3) (C) Conservation by efficient resource use or by reducing or shifting system load.
(4) (D) Development of new resources and processes, particularly renewable resources and processes which that further supply technologies.
(5) (E) Improve operating efficiency and reliability or otherwise reduce operating costs.
(b) (1) Findings supporting a decision to approve the inclusion of expenses incurred for research and development projects or programs in electricity rates pursuant to Section 740 shall be informed by independent expert review. Independent expert review means a review to examine the effectiveness with which the proposed research and development application meets the guidelines described in subdivision (a) that is performed by persons who have the following attributes:
(A) Are independent of the applicant.
(B) Are independent of the persons conducting the proposed project or program, if different from the applicant.
(C) Are knowledgeable about the scientific or technical aspects of the field of endeavor to which the proposed application pertains.
(D) Are free of any financial or other interest that could significantly impair the ability of the person to be objective or that could create an unfair competitive advantage in favor of a person or organization.
(2) This subdivision shall become operative on ____.
(c) The establishment of an advisory committee to perform the independent review pursuant to subdivision (b) is not an unlawful delegation of the commission’s authority.