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.
1/20/22 Referred to Commerce and Energy
2/1/22 Subc recommends continuing to 2023 by voice vote
2/15/22 Left in Commerce and Energy