SCS/SB 384 - Currently, the Public Service Commission assesses public utilities in an amount equal to both an amount directly attributable to such utility's regulation, and an amount not directly attributable to such utility's regulation but based upon the utility group's gross operating revenues. Under this act, if any group is allocated an amount of indirectly attributable expenses in excess of 1 1/4 times its directly attributable expenses, such excess amount shall be reallocated to other groups that have not exceeded this limit in the same proportion as each group's total gross intrastate operating revenue during the preceding year to the total gross intrastate operating revenues for those groups. If any assessed amount differs from the amount included in rates, the utility shall be permitted to defer such difference for either recovery or refund in their next rate proceeding.
Currently, assessment payments are paid to The Public Service Commission Fund, and any remaining funds at the end of the fiscal year are applied by the Commission to reduce the amount assessed to public utilities in the following year in proportion to the gross intrastate operating revenues of the groups. This act instead requires that such reduction shall be allocated in the same proportion to the allocation of indirectly attributable expenses.
This act is identical to HCS/HB 827 (2017).