HB 673 -- ELECTRICAL CORPORATIONS
SPONSOR: Mays (50)
COMMITTEE ACTION: Voted "do pass" by the Committee on Utilities
Regulation by a vote of 12 to 1.
This bill allows electrical corporations to recover, upon
approval by the Public Service Commission, the cost of fuel and
purchased energy incurred for the purpose of generating and
purchasing electricity and steam.
FISCAL NOTE: Estimated Net Cost to Public Service Commission
Fund of $212,538 in FY 1998, $222,506 in FY 1999, and $228,257
in FY 2000.
PROPONENTS: Supporters say that this bill enables small
electric companies to recover fuel costs and, in the end, lowers
prices for the consumer.
Testifying for the bill were Representative Mays (50); and
Empire District Electric Company.
OPPONENTS: Those who oppose the bill say that allowing
utilities to recover these costs reduces the incentive to search
out and purchase cheap fuel.
Testifying against the bill was the Office of Public Counsel.
Donna Schlosser, Research Analyst