HB 1241 -- Investments by Utilities

Sponsor:  Rector

This bill allows any electrical, gas, or water company to request
that the Missouri Public Service Commission evaluate a project
proposal to determine whether or not it is prudent.  The bill
explains the types of proposals that can be submitted, applicable
time frames, and the application's requirements.

The commission must review all applications and render a decision
within 60 days.  If the commission determines that a proposed
project is prudent, it will issue an order and certificate and
address all ratemaking principles requested by the corporation.
The order and the statements regarding ratemaking principles will
be applied in any future rate case to the investment and costs of
the facility or contract and will be binding in all future
proceedings.

If the commission fails to issue a decision regarding an
application, the proposal in question will be deemed to be
prudent 210 days from the date on which the complete application
was submitted.

No corporation may file more than one application during a 12-
month period.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am