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2020 SESSION

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HB 528 Electric generation facilities; SCC shall determine retirement of facilities.

Introduced by: Suhas Subramanyam | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

State Corporation Commission; retirement of coal-fired or natural gas-fired electric generation facilities. Requires the State Corporation Commission to determine the amortization period for recovery of any appropriate costs due to the early retirement of any coal-fired or natural gas-fired electric generation facilities owned or operated by any Phase I or Phase II Utility. The bill requires the Commission, in making such determination, to (i) perform an independent analysis of the remaining undepreciated capital costs; (ii) establish a recovery period that best serves ratepayers; and (iii) allow for the recovery of any carrying costs that the Commission deems appropriate.


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