Electric utility rates; deferral of increases. (HB2315)

Introduced By

Del. Bill Carrico (R-Independence)

Bill Carrico (R-Independence)
Served: 2002–

Progress

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 Introduced
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 Passed Committee
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 Passed House
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 Passed Senate
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 Signed by Governor
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 Became Law

Description

Electric utility rates; deferral of increases. Requires the State Corporation Commission (SCC) to defer a portion of an investor-owned electric utility's increase in residential electric rates or charges if, as a result of the increase, the new residential rates are 15 percent higher than its residential rates in the year preceding the rate increase. The deferred amount is the revenue that would be collected by the utility over the 36 months following the SCC's order, based on the difference between the new rate and 115 percent of its residential rate in the preceding year. The deferred amount, with interest at a rate set by the SCC, will be recovered from residential retail customers over a three-year period.   View Full Text »

Outcome

Bill Has Failed
View Bill's History

Video

Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/14/2009, 01/14/2009, 01/21/2009, 01/21/2009, 02/04/2009, 02/04/2009 and 02/10/2009.