HB 1016 -- Electric Corporation Infrastructure Replacement
Surchanges

Sponsor:  Schoeller

This bill allows an electric corporation to file a petition and
proposed rate schedules with the Missouri Public Service
Commission to establish or change infrastructure system
replacement surcharges (ISRS) rate schedules that will allow for
the adjustment of the corporation's rates and charges for the
recovery of costs for eligible infrastructure system
replacements.  The commission cannot approve an ISRS if it would
produce total annualized ISRS revenues below the lesser of $1
million or 0.5% of the corporation's base revenue level approved
by the commission in the corporation's most recent general rate
proceeding or if it would produce total annualized ISRS revenues
exceeding 10% of the corporation's base revenue level approved at
the most recent general rate proceeding.  The period of
collection on an ISRS is limited to five years, but may be
extended if the corporation has filed for or is the subject of a
new general rate proceeding.

The bill specifies the procedures for the application and hearing
as well as the accounting methods and procedures to be used for
the surcharges.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am