SB 545 Makes certain previously exempted electric cooperatives henceforth subject to rate regulation under the Public Service Commission
Sponsor: Schmitt
LR Number: 2110S.01I Fiscal Note: 2110-01
Committee: Commerce, Consumer Protection, Energy and the Environment
Last Action: 5/15/2009 - S Formal Calendar S Bills for Perfection--SB 545-Schmitt Journal Page:
Title: Calendar Position: 2
Effective Date: August 28, 2009

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Current Bill Summary

SB 545 - Under current law, electrical corporations that operate on the not-for-profit cooperative business plan are exempt from regulation under the Public Service Commission (PSC) with regard to rates. This act removes the exemption and thereby gives the PSC jurisdiction over the rates set by such cooperatives.