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2011 SESSION

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SB 1011 Low-income residential customers; investor-owned electric utilities to offer reduced rates.

Introduced by: Phillip P. Puckett | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Reduced electricity rates for low-income residential customers; tax credit.  Requires investor-owned electric utilities to offer eligible residential customers a reduced rate for electric service during December through April of each year. The reduced rate is 20 percent less than the rate that would be applicable to the customer if the customer was  ineligible for the special rate. To be eligible for the special rate, a customer must be receiving (i) supplemental security income, (ii) aid to families with dependent children, (iii) aid to families with dependent children—unemployed, or (iv) food stamps, if the food stamp recipients are 60 years of age or older. The State Corporation Commission is required to certify each utility's revenue deficiency resulting from the special reduced rates, and the utility will receive an income tax credit calculated at 1.45 percent of the revenue deficiency. The Department of Social Services is required to adopt regulations establishing procedures to inform persons about the availability of the special reduced rates, assist applicants for the special reduced rates in proving their eligibility therefor, and assist utilities in determining the eligibility of persons for such rates. The Commission and the Department are required to adopt temporary emergency regulations implementing the program by October 1, 2011.


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