SB 862 Modifies provisions relating to infrastructure system replacement surcharges for water corporations
Sponsor: Lager
LR Number: 5960S.01I Fiscal Note available
Committee: Commerce, Consumer Protection, Energy and the Environment
Last Action: 4/15/2014 - Voted Do Pass S Commerce, Consumer Protection, Energy and the Environment Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2014

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Current Bill Summary


SB 862 - This act modifies provisions relating to infrastructure system replacement surcharges for water corporations. This act defines "base revenues" and modifies the definitions of "eligible infrastructure system replacements," "water corporation," and "water or sewer utility plant projects."

Currently, only water corporations located within St. Louis County may file a petition with the Public Service Commission to establish or change an infrastructure system replacement surcharge. This act extends the ability to establish or change an infrastructure system replacement surcharge (ISRS) to any water corporation with more than 10,000 customers, provided that the ISRS produces annualized revenues of at least $1 million but not in excess of 10% of the water corporation's base revenue level. This act is intended for the purpose of replacing aging water and sewer infrastructure.

This act is substantially similar to HB 1358 (2014).

KAYLA CRIDER