HB1288:

Public utilities; rate review by the State Corporation Commission.

Bill Summary:

Public utilities; rate review by the State Corporation
Commission. Provides that in any annual rate review of a public
utility by the State Corporation Commission, the Commission may find
that the rates of a public utility, including an investor-owned incumbent
electric utility, are not just and reasonable and may take corrective
action. Under the bill, the Commission may conduct an investigation
into the rates of any public utility on its own initiative or upon
application by an affected party. Additionally, when capped rates
of service for investor-owned incumbent electric utilities expire
or terminate, the bill permits the Commission to find that the rates
are not just and reasonable and take corrective action.