KY SB364 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on February 28 2024 - 25% progression
Action: 2024-03-01 - to Natural Resources & Energy (S)
Pending: Senate Natural Resources and Energy Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Create new sections of KRS Chapter 278 to direct the Public Service Commission to promulgate administrative regulations to require retail electric suppliers to file integrated resource plans on a triennial basis and include an assessment and acquisition plan for adequate and reliable electricity to meet customer demand at the lowest possible cost of forecasted estimates; require retail electric suppliers to maintain adequate service by owning or contracting capacity to meet customer demand; prohibit retail electric suppliers filing integrated resource plans to purchase capacity or energy from regional transmission organizations or independent system operators; make the privilege to serve customers in a certified territory a property right of the Commonwealth; require the Public Service Commission to allow the commission to determine an amount to be returned to customers of an electric retail supplier that is based on a calculation of the privilege to serve in a certified territory in a proceeding involving an acquisition, transfer, or sale of an electric retail supplier; amend KRS 278.010 to state that the term 'facility' may be used in singular or plural and 'adequate service' includes generating capacity; amend KRS 278.016 to state that retail electric supplier has the privilege to provide electric service; amend KRS 278.018 to state that retail electric suppliers have the privilege rather than right to furnish retail electric service in its certified territory; and if the Public Service Commission find that a retail electric supplier is not providing adequate service the Public Service Commission may order the supplier to correct the problem; allow the commission to authorize another retail electric supplier to serve facilities located in the certified territory of another retail electric supplier; amend KRS 278.020 to determine whether public ownership of a retail electric supplier can achieve lower rates and deem cooperatives organized under KRS Chapter 279 to have public ownership.

Tracking Information

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Title

AN ACT relating to retail electric suppliers.

Sponsors


History

DateChamberAction
2024-03-01Senateto Natural Resources & Energy (S)
2024-02-28Senateto Committee on Committees (S)
2024-02-28Senateintroduced in Senate

Subjects


Kentucky State Sources


Bill Comments

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