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2020 SESSION

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HB 432 Public utilities; contracting with small, women-owned, or minority-owned businesses.

Introduced by: Jennifer Carroll Foy | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Public utilities; use of small, women-owned, or minority-owned business. Provides that in any proceeding in which the State Corporation Commission is required to determine whether costs incurred by a public utility in its delivery or provision of any goods or service are reasonable or prudent, the incremental portion of the costs incurred as a result of its contracting with a small, women-owned, or minority-owned business to deliver or provide the goods or service will not be found to be unreasonable or imprudently incurred if the costs of contracting with the small, women-owned, or minority-owned business do not exceed, by more than three percent, the costs that would have been incurred had it used the lowest-cost qualified business. The measure applies to businesses that are certified as small, women-owned, or minority-owned by the Department of Small Business and Supplier Diversity.

SUMMARY AS INTRODUCED:

Public utilities; use of small, women-owned, or minority-owned business. Provides that in any proceeding in which the State Corporation Commission is required to determine whether costs incurred by a public utility in its delivery or provision of any goods or service are reasonable or prudent, the incremental portion of the costs incurred as a result of its contracting with a small, woman-owned, or minority-owned business to deliver or provide the goods or service will not be found to be unreasonable or imprudently incurred if the costs of contracting with the small, woman-owned, or minority-owned business do not exceed, by more than five percent, the costs that would have been incurred had it used the lowest-cost qualified business. The measure applies to businesses that are certified as small, woman-owned, or minority-owned by the Department of Small Business and Supplier Diversity.