SB267:

Electric cooperatives; rate adjustment clause, provision of broadband.

Bill Summary:

Electric cooperatives; rate adjustment clause; broadband. Authorizes an electric cooperative to petition the State Corporation Commission for approval of one or more rate adjustment clauses for the timely and current recovery of costs from customers of one or more projects for the provision of broadband. The bill provides that a cooperative may recover the costs of the broadband projects in a rate adjustment clause, including the construction work in progress and allowance for funds used during construction, planning, and development of associated infrastructure.