HB 403 -- Cost Recovery for Electric Utilities

Co-Sponsors:  Rector, Stevenson, LeVota, Willoughby, Sager,
Skaggs

This bill allows electric corporations to recover prudently
incurred costs for natural gas and purchased electricity through
energy adjustment rate schedules.  The schedules may be filed
with the Public Service Commission separately or as part of a
general rate proceeding.  The commission must allow modification
of the rates as frequently as every 30 days to reflect changes in
natural gas and purchased electricity costs that are not
reflected in the corporation's base rates.  The commission will
establish a procedure to provide customer credits or refunds for
any over-estimated costs and collections.

Each corporation that has an energy adjustment rate schedule on
file with the commission will submit a monthly adjustment report
including calculation of the next month's energy adjustment rate.
The commission may only examine the calculations for accuracy and
may not consider other costs or overall rates.  The commission's
decision on each proposed rate adjustment will become effective
no later than 30 days after filing.  Rates are not subject to
suspension by the commission.

The bill contains an emergency clause.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am