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2010 SESSION

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HB 1308 Investor-owned public utility; SCC to suspend enforcement of all proposed rates, toll, charges, etc.

Introduced by: Charles W. Carrico, Sr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Electric utility rates. Requires an investor-owned electric utility to suspend collection of interim rates during the pendency of the State Corporation Commission's consideration of the utility's base rate case. The SCC is required to issue its final order on the utility's application by July 15, 2010. With regard to base rate case proceedings involving any investor-owned electric utility that are filed after January 1, 2010, the SCC's final order is required to be issued within nine months, and any resulting revision in rates shall take effect within 60 days after the order is entered. The provision will be in force from its passage. SB 680 is identical.

SUMMARY AS INTRODUCED:

Electric utility rates; temporary and interim increases. Prevents an electric public utility from changing its rates on an interim or temporary basis, and states that the scheduled rates of such a utility shall not be changed unless and until approved by the State Corporation Commission.