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2009 SESSION

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HB 2519 Electric utilities; SCC to establish procedures regarding refunds of moneys collected.

Introduced by: Clarence E. Phillips | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Electric utilities; over-recovery of fuel costs.  Requires the State Corporation Commission (SCC) to review fuel costs if it approves an increase in fuel factor charges that would increase the total rates of residential customers by more than 20 percent, which review shall be conducted within six months after the effective date of the increase. If the SCC finds that the utility is in an over-recovery position with respect to its fuel costs by more than five percent, it may reduce the fuel costs.


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