Section 121.7. Periodic review of an LTIIP

(a) The Commission will review a utility’s LTIIP at least once every 5 years or more frequently if deemed necessary to address safety, reliability or other issues related to the approved LTIIP.

(b) The Commission’s review will determine:

(1) If the utility has adhered to its LTIIP.

(2) If changes to the LTIIP are necessary to maintain and improve the efficiency, safety, adequacy and reliability of its existing distribution infrastructure.

(c) Unless otherwise directed, the Commission’s periodic review will begin at the midpoint of the term of the current LTIIP. The Commission will, by means of a Secretarial Letter, establish a schedule for comments and reply comments to aid in its periodic review.

(d) If the Commission determines during this periodic review that a utility’s approved LTIIP is no longer adequate to ensure and maintain efficient, adequate, safe, reliable and reasonable service, the Commission will direct the utility to revise, update or resubmit its LTIIP as appropriate. If the utility elects to withdraw its LTIIP filing under § 5.94 (relating to withdrawal of pleadings in a contested proceeding), the utility’s approved DSIC mechanism will immediately terminate and the utility may not recover the expenses for the work it has performed until it files a base rate proceeding.