Electric utilities; limit on increases in base rates. (HB477)

Introduced By

Sen. Bill Carrico (R-Grayson) with support from 6 copatrons, whose average partisan position is:

Description

Electric utilities; limit on increases in base rates.  Limits any increase in the base rates charged by an investor-owned incumbent electric utility to five percent if the unemployment rate within the utility's service territory exceeds five percent. If this limitation would result in confiscatory rates, the State Corporation Commission may increase such base rates only by the amount that is required to avoid such confiscation. The measure applies to any base rate review initiated on or after July 1, 2010.   View Full Text »

Outcome

3 votes