Electric utility rates; deferral of increases. (HB2315)

Introduced By

Sen. Bill Carrico (R-Grayson)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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. Read the Bill »


Bill Has Failed


01/14/2009Prefiled and ordered printed; offered 01/14/09 090095460
01/14/2009Referred to Committee on Commerce and Labor
01/21/2009Impact statement from SCC (HB2315)
01/26/2009Assigned C & L sub: 3 Energy
02/04/2009Subcommittee recommends passing by indefinitely by voice vote
02/10/2009Left in Commerce and Labor