Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
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SCS/SB 186 - The act creates provisions relating to electrical corporations. AMOUNTS INCLUDED IN CONSTRUCTION WORK IN PROGRESS (Section 393.135) The act provides that, subject to certain limitations, an electrical corporation may include construction work in progress for any new natural gas-generating unit in rate base. The inclusion of construction work in progress shall be in lieu of any applicable allowance for funds used during construction that would have accrued after the effective date of new base rates reflecting inclusion of the construction work in progress in rate base. The Public Service Commission shall determine the amount of construction work in progress that may be included in rate base. The amount shall be limited by the estimated cost of the project and project expenditures made within the estimated construction period for such project. Base rate recoveries arising from inclusion of construction work in progress in base rates are subject to refund, as described in the act. These provisions shall expire on December 31, 2035, unless the Commission determines, after a hearing as described in the act, that good cause exists to extend these provisions through December 31, 2045. The secretary of the Commission shall notify the Revisor of Statutes when the conditions for the extension have been met. This provision is similar to a provision in SB 618 (2028), SB 610 (2025), a provision in HB 92 (2025), a provision in HB 853 (2025), a provision in HB 963 (2025), HB 1084 (1015), a provision in SS#2/SB 4 (2025), a provision in SB 48 (2025), a provision in SB 214 (2025). ELECTRICAL CORPORATION'S PLAN TO OWN SUFFICIENT CAPACITY (Section 393.1080) The Public Service Commission may require an electrical corporation to provide documentation annually reflecting the corporation's plan to own or have rights to sufficient capacity to meet its capacity obligations for the upcoming planning year and each of the three subsequent planning years. An
