SB 849
Modifies provisions relating to ratemaking for gas corporations
LR Number:
Last Action:
2/9/2016 - Hearing Conducted S Commerce, Consumer Protection, Energy and the Environment Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2016

Current Bill Summary

SB 849 - 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 such revenues in any consecutive 3-year period during which an ISRS is in effect.

Currently, the Public Service Commission shall not 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. Under this act, these provisions are changed from 3 years 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 identical to HB 1471 (2016), and is similar to SCS/SB 848 (2016), SCS/HCS/HB 1804 (2016), SCS/SB 403 (2015), HCS/HB 956 (2015), SCS/SB 240 (2013), and HCS/HB 473 (2013).