Missouri 2022 Regular Session

Missouri House Bill HB2709 Compare Versions

OldNewDifferences
11 SECONDREGULARSESSION
2-HOUSECOMMITTEESUBSTITUTEFOR
32 HOUSEBILLNO.2709
43 101STGENERALASSEMBLY
5-5543H.02C DANARADEMANMILLER,ChiefClerk
4+INTRODUCEDBYREPRESENTATIVEBROMLEY.
5+5543H.01I DANARADEMANMILLER,ChiefClerk
66 ANACT
77 Toamendchapter393,RSMo,byaddingtheretoonenewsectionrelatingtoaccounting
88 practicesofpublicutilities.
99 BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows:
1010 SectionA.Chapter393,RSMo,isamendedbyaddingtheretoonenewsection,tobe
1111 2knownassection393.1275,toreadasfollows:
1212 393.1275.1.Theprovisionsofsection386.020definingwords,phrases,and
1313 2termsshallapplytoanddeterminethemeaningofallsuchwords,phrases,andtermsas
1414 3usedinthissection.
1515 4 2.Electricalcorporations,gascorporations,sewercorporations,andwater
1616 5corporationsshalldefertoaregulatoryassetorliabilityaccountanydifferenceinstate
1717 6orlocalpropertytaxexpensesactuallyincurredandthoseonwhichtherevenue
1818 7requirementusedtosetratesinthecorporation'smostrecentlycompletedgeneralrate
1919 8proceedingwasbased.Theregulatoryassetorliabilityaccountbalancesshallbe
2020 9includedintherevenuerequirementusedtosetratesthroughanamortizationovera
21-10reasonableperiodoftimeinsuchcorporation'ssubsequentgeneralrateproceedings.
22-11Thecommissionshallalsoadjusttheratebaseusedtoestablishtherevenue
23-12requirementofsuchcorporationtoreflecttheunamortizedregulatoryassetor
24-13liabilityaccountbalancesinsuchgeneralrateproceedings.Suchexpendituresdeferred
25-14undertheprovisionsofthissectionaresubjecttocommissionprudencereviewinthe
26-15nextgeneralrateproceedingafterdeferral.
21+10reasonableperiodoftimeinsuchcorporation'ssubsequentgeneralrateproceedings,
22+11withoutanyoffset.Thecommissionshallalsoadjusttheratebaseusedtoestablishthe
23+12revenuerequirementofsuchcorporationtoreflecttheunamortizedregulatoryassetor
24+13liabilityaccountbalancesinsuchgeneralrateproceedings.
2725 EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis
2826 intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage.
2927 âś”