(1) The commission shall:
(a) investigate a large load flexible tariff for a qualified electric utility; and
(b) adopt a large load flexible tariff if the commission determines that the tariff is:
(i) just and reasonable; and
(ii) in the public interest.
(2) In conducting an investigation for a large load flexible tariff, the commission shall consider:
(a) the conditions and times for the tariff;
(b) the means of determining the rates, terms, and conditions pursuant to which a qualified electric utility may provide electric services to a large load customer; and
(c) the conditions under which a qualified electric utility may require a large load customer to reduce or eliminate electric usage under the large flexible load tariff.