HCSHB2709--ACCOUNTPRACTICESOFPUBLICUTILITIES
SPONSOR: Bromley
COMMITTEEACTION:Voted"DoPasswithHCS"bytheStanding
CommitteeonUtilitiesbyavoteof6to3.
ThefollowingisasummaryoftheHouseCommitteeSubstituteforHB
2709.
Thisbillrequireselectricalcorporations,gascorporations,sewer
corporations,andwatercorporationstodefertoaregulatoryasset
orliabilityaccountanydifferenceinstateorlocalpropertytax
expensesactuallyincurred,andthoseonwhichtherevenue
requirementusedtosetratesinthecorporation'smostrecently
completedgeneralrateproceedingwasbased.Theregulatoryasset
orliabilityaccountbalancesmustbeincludedintherevenue
requirementusedtosetratesthroughanamortizationovera
reasonableperiodoftimeinsuchcorporation'ssubsequentgeneral
rateproceedings. DeferredexpendituresaresubjecttoPublic
ServiceCommissionprudencereviewinthenextgeneralrate
proceeding.
ThisbillisthesameasSCSSB745(2022).
Thefollowingisasummaryofthepublictestimonyfromthe
committeehearing. Thetestimonywasbasedontheintroduced
versionofthebill.
PROPONENTS: Supporterssaythatautilitycompanyisincontrolof
mostexpendituresrelatedtodoingbusiness. Propertytaxesare
notunderthecontroloftheutilitycompany. Thisbillwould
allowthecommissiontotrackthepropertytaxesbetweenratecases
andtoconsiderthechangesintaxeswhensettingrates.
TestifyingforthebillwereRepresentative Bromley;Evergy;
MissouriAmericanWater;SpireMissouri;AmerenMissouri.
Additionalwrittentestimonywassubmittedinsupportofthebill
OPPONENTS: Writtentestimonywassubmittedinoppositiontothe
bill.
Writtentestimonyhasbeensubmittedforthisbill.Thefull
writtentestimonycanbefoundunderTestimonyonthebillpageon
theHousewebsite.