SB 406 – Creates provisions relating to customer class rates of electrical corporations

• Sponsor: Cierpiot
• LR Number: 1857S.01I
• Committee: Commerce, Consumer Protection, Energy and the Environment
• Last Action: 3/10/2021 - Hearing Conducted S Commerce, Consumer Protection, Energy and the Environment Committee
• Effective Date: August 28, 2021

Current Bill Summary

SB 406 - Under this act, when determining the allocation of an electrical corporation's total revenue requirement among the electrical corporation's customer classes for the ultimate purpose of setting base rates for each customer class, the Public Service Commission shall only consider class cost of service study results that allocate the electrical corporation's production plant costs from nuclear and fossil generating units using the average and excess method.

This act is similar to a provision contained in the truly agreed CCS/SS/SCS/HCS/HB 734 (2021) and a provision contained in the perfected SS#2/SCS/SB 202 (2021).

JAMIE ANDREWS

Amendments

No Amendments Found.