HB673 - ELECTRICAL CORPORATIONS - Mays, Carol Jean
HB673 ALLOWS ELECTRICAL CORPORATIONS TO RECOVER FUEL AND ENERGY-RELATED COSTS.
Sponsor: Mays, Carol Jean (50) Effective Date:00/00/00
CoSponsor: LR Number:1585-01
Last Action: COMMITTEE: UTILITIES REGULATION
HB673
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB673
| Committee | Introduced |


Available Bill Text for HB673
| Introduced |

Available Fiscal Notes for HB673
| Introduced |

BILL SUMMARIES

COMMITTEE

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


INTRODUCED

HB 673 -- Electrical Corporations

Sponsor:  Mays (50)

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.


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Last Updated August 11, 1997 at 4:18 pm