Text: HSB00587                          Text: HSB00589
Text: HSB00500 - HSB00599               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

House Study Bill 588

Bill Text

PAG LIN
  1  1    Section 1.  Section 476.33, subsection 4, Code Supplement
  1  2 2003, is amended to read as follows:
  1  3    4.  The board shall adopt rules that require the board, in
  1  4 rate regulatory proceedings under sections 476.3 and 476.6, to
  1  5 consider the use of the most current test period possible in
  1  6 determining reasonable and just rates, subject only to the
  1  7 availability of existing and verifiable data respecting
  1  8 changes in costs and revenues, and in addition to consider
  1  9 verifiable data that exists as of the date of commencement of
  1 10 the proceedings respecting including but not limited to the
  1 11 costs of capital, that are known and measurable changes in
  1 12 costs not associated with a different level of revenue, and
  1 13 known and measurable revenues not associated with a different
  1 14 level of costs, that are to occur or that will become known
  1 15 and measurable at any time within twelve months after the date
  1 16 of commencement of the proceedings.  In determining rates, the
  1 17 board shall consider data respecting changes in costs not
  1 18 associated with a different level of revenues and changes in
  1 19 revenues not associated with a different level of costs.  For
  1 20 purposes of this subsection, a proceeding commences under
  1 21 section 476.6 upon the filing date of new or changed rates,
  1 22 charges, schedules, or regulations.  This subsection does not
  1 23 limit the authority of the board to consider other evidence in
  1 24 proceedings under sections 476.3 and 476.6.  
  1 25                           EXPLANATION
  1 26    This bill relates to adoption of rules by the utilities
  1 27 board in rate regulation proceedings.
  1 28    Code section 476.33 is modified to provide for
  1 29 consideration, in determining just and reasonable rates, of
  1 30 data such as the costs of capital that are or will become
  1 31 known and measurable within 12 months of the commencement of
  1 32 the proceeding.  The board is directed to consider additional
  1 33 data regarding changes in costs not associated with a
  1 34 different level of revenues, and changes in revenues not
  1 35 associated with a different level of costs.  
  2  1 LSB 5577HC 80
  2  2 kk/sh/8
     

Text: HSB00587                          Text: HSB00589
Text: HSB00500 - HSB00599               Text: HSB Index
Bills and Amendments: General Index     Bill History: General Index

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