HB 654 -- Gas Corporations

Sponsor:  Schoeller

Currently, rate adjustments in the purchase price of natural gas
which have been approved by the Missouri Public Service
Commission are exempt from certain provisions regarding business
license taxation.  This bill allows any adjustments to include
the gas cost portion of net write-offs incurred by a gas
corporation in providing service to its customers.  Any write-off
may only be recovered once through the gas corporation's
purchased gas adjustment rates.  A true-up of the gas cost
portion of net write-offs is required once every year, and the
commission must annually review a gas corporation's records to
ensure that it is prudently pursuing the moneys owed by its
customers.

The bill increases from three to five years the period of time
that a gas corporation is able to collect an infrastructure
system replacement surcharge without holding a general rate
proceeding before the commission.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am