Kentucky House Bill 341 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on March 24 2022 - 100% progression
Action: 2022-03-24 - WITHDRAWN
Text: Latest bill text (Introduced) [PDF]

Create new sections of KRS 278.010 to 278.450 to define "utility"; allow any utility that has received an order from the Public Service Commission making a general adjustment of the utility's base rate in the previous five years to file an application to adjust its base rate using a streamlined regulatory procedure; require the utility to file notice of its intent to file for a streamlined base rate adjustment between 30 to 60 days before filing its application; require the utility to file its application using a test period as defined in KRS 278.192; establish notice requirements for the filing of the application; require requests for intervention to be filed no later than 15 days after a utility files an application to use the streamlined regulatory procedure; establish intervenor requirements for requests for information and comments; allow applicant utilities to file responses to each intervenor's comments; establish public meeting requirements for taking public comments on a utility's application; require evidentiary hearings only if requested by the utility; require the Public Service Commission to review a utility's application to use the streamlined regulatory process within 120 days of its receipt and to order the utility to make the adjustments to its tariff rates to earn the authorized return on equity established in its most recent general rate case and to recover its historical cost of capital; allow any party to seek rehearing or review of the Public Service Commission's order; allow for net increases or decreases in certain listed items that were previously approved in the utility's last general rate adjustment to be adjusted to calculate a utility's revenue requirement; prohibit certain listed items from being adjusted in a streamlined rate proceeding; prohibit requesting a certificate of public convenience and necessity in a streamlined rate proceeding; allow a utility to terminate an approved streamlined rate proceeding by filing a general rate case; specify that the Public Service Commission's jurisdiction with regard to complaints or initiating proceedings on the reasonableness of a utility's rates is not limited; establish the purposes for which the Public Service Commission is required to allow recovery by a separate rate rider mechanism of capital, operational and maintenance costs, taxes, and a reasonable return for investment; prohibit a utility from seeking recovery under the section for anything that is recovered in their existing base rates; prohibit any recovery under the section unless the Public Service Commission deems the costs to be fair, just, and reasonable; repeal KRS 278.509.

AN ACT relating to utility rates.

Rep. Jim Gooch [R]

Date	Chamber	Action
2022-03-24	House	WITHDRAWN
2022-01-21	House	to Committee on Committees (H)
2022-01-21	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/22RS/hb341.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb341/orig_bill.pdf