Missouri State Senate

Introduced

SB 403 - Currently, the Public Service Commission may not approve a gas infrastructure system replacement surcharge (ISRS) to the extent that it would produce total annualized ISRS revenues exceeding 10% of the gas corporation's base revenue level. Under this act, the Public Service Commission may not approve a gas ISRS to the extent it would produce annual ISRS revenues exceeding 1.25% of the gas corporation's Missouri gross revenues, excluding pass-through taxes not included in tariffed rates. Any costs not recovered as a result of the 1.25% limit on rate adjustments may be deferred for recovery in a subsequent year or in the gas corporation's next general rate proceeding.

Currently, the Public Service Commission cannot approve a gas ISRS without having issued a general rate proceeding decision within the last 3 years, and a gas corporation cannot collect an ISRS for more than 3 years unless they have filed or are the subject of a new general rate proceeding. This act modifies these provisions to 5 years.

Nothing in this act shall be construed to limit the rights of certain groups to file a complaint alleging that the rates or charges of a gas corporation are unreasonable or unlawful.

This act is similar to SCS/SB 240 (2013) and HCS/HB 473 (2013).

KAYLA CRIDER

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