Text: SSB03037                          Text: SSB03039
Text: SSB03000 - SSB03099               Text: SSB Index
Bills and Amendments: General Index     Bill History: General Index

Senate Study Bill 3038

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, at the utility's option, use of the most current
  1  6 or future test period possible in determining reasonable and
  1  7 just rates, subject only to the availability of existing and
  1  8 verifiable actual or projected data respecting costs and
  1  9 revenues, and in addition to.  If a utility selects a current
  1 10 test period, the board shall consider verifiable data that
  1 11 exists as of the date of commencement of the proceedings
  1 12 respecting known and measurable changes in costs not
  1 13 associated with a different level of revenue, and revenues
  1 14 that are known and measurable or that will become known and
  1 15 measurable revenues not associated with a different level of
  1 16 costs, that are to occur at any time within twelve months
  1 17 after the date of commencement of the proceedings.  If a
  1 18 utility selects a future test period, the board shall consider
  1 19 data respecting changes in costs and revenues that are
  1 20 projected to occur within twenty-four months after the date of
  1 21 the commencement of the proceedings.  Regardless of the test
  1 22 period chosen by the utility, the board shall consider data
  1 23 respecting changes in costs not associated with a different
  1 24 level of revenues and changes in revenues not associated with
  1 25 a different level of costs.  For purposes of this subsection,
  1 26 a proceeding commences under section 476.6 upon the filing
  1 27 date of new or changed rates, charges, schedules or
  1 28 regulations.  This subsection does not limit the authority of
  1 29 the board to consider other evidence in proceedings under
  1 30 sections 476.3 and 476.6.  
  1 31                           EXPLANATION
  1 32    This bill relates to the consideration of costs and
  1 33 revenues by the utilities board in hearings on rate
  1 34 regulation.
  1 35    The bill modifies Code section 476.33 to provide that, in
  2  1 determining just and reasonable rates, it shall be the
  2  2 utility's choice to use either a current or future test period
  2  3 to obtain data regarding costs and revenues.  A current test
  2  4 period includes data available within 12 months of the
  2  5 commencement of the proceedings.  A future test period
  2  6 includes data available within 24 months of the commencement
  2  7 of the proceedings.  The board is directed to consider
  2  8 additional data regarding changes in costs not associated with
  2  9 varying revenues and changes in revenues not associated with
  2 10 varying costs.  
  2 11 LSB 5576SC 80
  2 12 kk/sh/8
     

Text: SSB03037                          Text: SSB03039
Text: SSB03000 - SSB03099               Text: SSB Index
Bills and Amendments: General Index     Bill History: General Index

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