Bills / H.B. 224
H.B. 224 Electricity Rate Amendments
- Introduced
- House committee (stopped here)
- House vote
- Senate committee
- Senate vote
- Signed into law
What this bill does
According to the official description, this bill:
- establishes an energy cost baseline to be set by the Public Service Commission in general rate cases
- creates a symmetrical sharing band requiring electrical corporations to share with customers 80% of variances between actual costs and the energy cost baseline for costs incurred on or after January 1, 2026
- maintains 100% cost recovery for energy balancing account costs incurred before January 1, 2026
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