HB490:

Public utility ratemaking; contracting with small, women-owned, or minority-owned businesses.

Bill Summary:

Public utility ratemaking; contracting with
small, women-owned, or minority-owned businesses. Repeals certain
provisions of the Code relating to proceedings in which the State
Corporation Commission is required to determine whether costs incurred
by a public utility in its delivery or provision of any goods or
services are reasonable or prudent. In such proceedings, the incremental
portion of costs incurred as a result of contracting with a small,
women-owned, or minority-owned business to deliver or provide the
goods or services are currently not considered unreasonable or imprudently
incurred if the costs do not exceed by more than three percent the
costs that would have been incurred had the utility used the lowest-cost
qualified business; the bill repeals this provision.