Electric Companies and Gas Companies – Rate Regulation – Alternative Rate Plans

Bill Number:  SB0572

Bill Sponsor(s):  Senator Feldman

Subject:  Finance

Bill Summary:

Requiring the Public Service Commission to allow an electric company or a gas company to apply for an alternative rate plan simultaneously with an application for new base rates; requiring the Commission to allow an electric company or a gas company to utilize an alternative rate plan covering its full cost of service to establish new base rates if the Commission finds that the plan results in a just and reasonable rate; declaring the intent of the General Assembly; etc.

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