Summary of the House Committee Version of the Bill


SPONSOR:  Klindt (Rector)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Utilities
by a vote of 9 to 3.

This substitute creates an assessment-based funding mechanism for
the Office of the Public Counsel within the Department of
Economic Development similar to that currently utilized by the
Missouri Public Service Commission.  Prior to the beginning of
each fiscal year, the counsel will present to the commission its
estimated expenses attributable to the regulation of public
utilities under Section 386.020, RSMo.

A three-year phase-in will allow the counsel to utilize
allocations from the commission for its assessments.  After
Fiscal Year 2010, those allocations will be based upon
information maintained by the counsel.  The calculation of the
assessments is specified in the substitute.  The total amount of
the counsel's assessment cannot exceed two hundredths of 1% of
the total gross intrastate operating revenues of all regulated
utilities.  The total amount of assessments from both the counsel
and the commission cannot exceed one-fourth of 1% of the total
gross intrastate operating revenues of all regulated utilities.
In order to allow these calculations, every regulated utility
must file a statement of its gross intrastate operating revenues
on or before March 31 with the commission.

The assessments rendered by the counsel will be made available to
the utilities on or before July 1 with the payment due either on
or before July 15 or in four equal installments throughout the
fiscal year.  The moneys from the assessments will be deposited
into the newly created Public Counsel Fund.  Moneys remaining in
the fund will not revert to the General Revenue Fund.

FISCAL NOTE:  Estimated Income on General Revenue Fund of $0 in
FY 2007, $803,630 in FY 2008, and $1,099,564 in FY 2009.  No
impact on Other State Funds in FY 2007, FY 2008, and FY 2009.

PROPONENTS:  Supporters say that the bill will allow for stable
funding for the Office of Public Counsel.

Testifying for the bill were Senator Klindt; Office of Public
Counsel, Department of Economic Development; and AARP.

OPPONENTS:  There was no opposition voiced to the committee.

Jason Glahn, Legislative Analyst

Copyright (c) Missouri House of Representatives

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:46 am