HB2267: Electric utilities; cost recovery, alternative to rate adjustment clause.

Legislative Summary

Electric utilities; cost recovery; alternative to rate adjustment clause. Provides that in any proceeding regarding petitions for a rate adjustment clause, the State Corporation Commission may, as an alternative to a rate adjustment clause, authorize recovery of any proposed cost through the utility's rates for generation and distribution services, if the Commission, in its discretion, determines that such cost recovery better serves ratepayers while still providing the utility the opportunity to recover its costs and earn a fair rate of return.