- Introduced -

SB 290 - This act allows for the recovery of certain costs by utilities through an Infrastructure System Replacement and Security Charge (ISRSC).

This act allows gas corporations to file a petition with the Public Service Commission to recover costs associated with certain infrastructure system replacements two times per year. The PSC may not approve a charge if it would produce total revenues exceeding 10% of the gas corporation's base revenue level or if the water corporation has not had a general rate proceeding in the last four years. Petition filing requirements are specified in the act. The water corporation is required to reconcile the revenues generated with the underlying costs of the infrastructure replacements. The PSC is given authority to promulgate rules for the implementation of these provisions.

The act also allows electric corporations to recover prudent expenditures for security measures. Applications for recovery of such items shall be confidential and subject to a protective order of the PSC. Electric corporations may also apply to the PSC to recover unreimbursed costs for capital projects for required relocations.

CINDY KADLEC