§ 56-583 Wires charges
A. To provide the opportunity for competition and consistent with § 56-584, the Commission shall establish calculate wires charges for each incumbent electric utility, effective upon the commencement of customer choice, which shall be the sum (i) of the excess, if any, of difference between the incumbent utilities' electric utility's capped unbundled rates for generation over the and projected market prices for generation, as determined by the Commission, and (ii) any transition costs incurred by the incumbent electric utility determined by the Commission to be just and reasonable; however, where there is such excess, the sum of such wires charges, the unbundled charge for transmission and ancillary services, the applicable distribution rates established by the Commission and the above projected market prices for generation shall not exceed the capped rates established under § 56-582 A 1 applicable to such incumbent electric utility. The Commission shall adjust such wires charges not more frequently than annually and shall seek to coordinate adjustments of wires charges with any adjustments of capped rates pursuant to § 56-582. No wires charge shall be less than zero.