Kentucky House Bill 778 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 1 2022 - 25% progression, died in committee
Action: 2022-03-01 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

Amend KRS 278.220 to allow an electric utility to amortize a regulatory asset without approval from the commission to defer recovery of expenses for coal, natural gas, or replacement power if the deferral lowers customer bills; require the amortization of the expense to be no more than 12 months from the date the regulatory asset is established; require the electric utility to inform the commission when a regulatory asset is established and provide the reason for its creation and accounting for the asset; allow overages or under-recovery to be placed on customer bills through refund or additional charge at the time of the electric utility's next rate case or 2-year review of the fuel adjustment clause.

AN ACT relating to public utilities.

Rep. Josh Bray [R]

Date	Chamber	Action
2022-03-01	House	to Committee on Committees (H)
2022-03-01	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/22RS/hb778.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb778/orig_bill.pdf