HCS/HB 1 - This act modifies provisions relating to ratemaking for public utilities. This act gives the Public Service Commission the authority to approve a special rate for up to 10 years, that is not based on an electrical corporation's cost of service for a facility if the Commission determines the rate is in the public interest, allocates the reduced revenues to other customers, and authorizes a tracking mechanism. Under this act, "facility" is defined as an aluminum smelting facility, steel fabrication facility, or a facility with a new or incremental load increase of at least 50 MW per month.
In order to receive such special rate, the electrical corporation, or a facility located outside of an electrical corporation's service territory, shall file an application with the Commission requesting the rate, and provide information on how such special rate serves the public interest. Any entity granted a special rate may reapply to the Commission for a special rate. Further, if the Commission approves such special rate, the Commission shall lack the authority to modify or eliminate such rate during the specified term.
This act contains an emergency clause.
This act is similar to SB 1 (2017 E.S.), SB 2 (2017 E.S.), a provision contained in SB 6 (2017 E.S.), CCS/HCS/SB 302 (2017), SCS/SB 1028 (2016), and SS/HCS/HB 2689 (2016).
KAYLA HAHN