| 1 | 1 | | FIRSTREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.154 |
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| 3 | 3 | | 103RDGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEO'DONNELL. |
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| 5 | 5 | | 0543H.01I DANARADEMANMILLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Torepealsection393.150,RSMo,andtoenactinlieuthereofonenewsectionrelatingtothe |
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| 8 | 8 | | publicservicecommission. |
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| 9 | 9 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 10 | 10 | | SectionA.Section393.150,RSMo,isrepealedandonenewsectionenactedinlieu |
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| 11 | 11 | | 2thereof,tobeknownassection393.150,toreadasfollows: |
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| 12 | 12 | | 393.150.1.Wheneverthereshallbefiledwiththecommissionbyanygas |
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| 13 | 13 | | 2corporation,electricalcorporation,watercorporationorsewercorporationanyschedule |
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| 14 | 14 | | 3statinganewrateorcharge,oranynewformofcontractoragreement,oranynewrule, |
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| 15 | 15 | | 4regulationorpracticerelatingtoanyrate,chargeorserviceortoanygeneralprivilegeor |
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| 16 | 16 | | 5facility,thecommissionshallhave,anditisherebygiven,authority,eitheruponcomplaintor |
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| 17 | 17 | | 6uponitsowninitiativewithoutcomplaint,atonce,andifitsoorderswithoutanswerorother |
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| 18 | 18 | | 7formalpleadingbytheinterestedgascorporation,electricalcorporation,watercorporationor |
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| 19 | 19 | | 8sewercorporation,butuponreasonablenotice,toenteruponahearingconcerningthe |
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| 20 | 20 | | 9proprietyofsuchrate,charge,formofcontractoragreement,rule,regulationorpractice,and |
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| 21 | 21 | | 10pendingsuchhearingandthedecisionthereon,thecommissionuponfilingwithsuch |
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| 22 | 22 | | 11schedule,anddeliveringtothegascorporation,electricalcorporation,watercorporationor |
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| 23 | 23 | | 12sewercorporationaffectedthereby,astatementinwritingofitsreasonsforsuchsuspension, |
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| 24 | 24 | | 13maysuspendtheoperationofsuchscheduleanddefertheuseofsuchrate,charge,formof |
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| 25 | 25 | | 14contractoragreement,rule,regulationorpractice,butnotforalongerperiodthanone |
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| 26 | 26 | | 15hundredandtwentydaysbeyondthetimewhensuchrate,charge,formofcontractor |
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| 27 | 27 | | 16agreement,rule,regulationorpracticewouldotherwisegointoeffect;andafterfullhearing, |
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| 28 | 28 | | 17whethercompletedbeforeoraftertherate,charge,formofcontractoragreement,rule, |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 18regulationorpracticegoesintoeffect,thecommissionmaymakesuchorderinreferenceto |
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| 31 | 31 | | 19suchrate,charge,formofcontractoragreement,rule,regulationorpracticeaswouldbe |
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| 32 | 32 | | 20properinaproceedinginitiatedaftertherate,charge,formofcontractoragreement,rule, |
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| 33 | 33 | | 21regulationorpracticehadbecomeeffective. |
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| 34 | 34 | | 22 2.Ifanysuchhearingcannotbeconcludedwithintheperiodofsuspension,asabove |
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| 35 | 35 | | 23stated,thecommissionmay,initsdiscretion,extendthetimeofsuspensionforafurther |
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| 36 | 36 | | 24periodnotexceedingsixmonths.Thelastdayofsuchsix-monthperiodshallbe |
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| 37 | 37 | | 25consideredtheoperationoflawdate.Atanyhearinginvolvingaratesoughttobe |
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| 38 | 38 | | 26increased,theburdenofprooftoshowthattheincreasedrateorproposedincreasedrateis |
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| 39 | 39 | | 27justandreasonableshallbeuponthegascorporation,electricalcorporation,water |
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| 40 | 40 | | 28corporationorsewercorporation,andthecommissionshallgivetothehearingand |
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| 41 | 41 | | 29decisionofsuchquestionspreferenceoverallotherquestionspendingbeforeitanddecidethe |
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| 42 | 42 | | 30sameasspeedilyaspossible. |
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| 43 | 43 | | 31 3.(1)BeginningJuly1,2026,thetestyearforproceedingsunderthissection |
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| 44 | 44 | | 32shall,ifrequestedbyagascorporation,watercorporation,orsewercorporation,bea |
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| 45 | 45 | | 33futureyearconsistingofthefirsttwelvefullcalendarmonthsaftertheoperationoflaw |
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| 46 | 46 | | 34datedeterminedasprovidedinsubsections1and2ofthissectionforschedulesstating |
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| 47 | 47 | | 35newbaseratesfiledbyagascorporation,watercorporation,orsewercorporation |
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| 48 | 48 | | 36underthissectionunlessthecommissionmakesadeterminationthatusingafuturetest |
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| 49 | 49 | | 37yearunderthissectionisdetrimentaltothepublicinterest.Forratemakingpurposes, |
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| 50 | 50 | | 38theprojectedtotalratebaseattheendofthefuturetestyearasauthorizedbythe |
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| 51 | 51 | | 39Commissionshallbeusedtoestablishnewbaserates.Unlessotherwiseorderedbythe |
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| 52 | 52 | | 40commission,newbaseratesshallnotgointoeffectbeforethefirstdayofthefuturetest |
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| 53 | 53 | | 41year. |
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| 54 | 54 | | 42 (2)Withrespecttogascorporations,watercorporations,orsewercorporations |
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| 55 | 55 | | 43thatelecttoutilizeafuturetestyearandnotwithstandingsection393.270,withinforty- |
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| 56 | 56 | | 44fivedaysoftheendofthefuturetestyear,suchgascorporation,watercorporation,or |
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| 57 | 57 | | 45sewercorporationshallupdateitsbaseratesthatwereapprovedbythecommissionin |
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| 58 | 58 | | 46itsreportandorderissuedundersubsections1and2ofthissectiontoreflectthetotal |
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| 59 | 59 | | 47ratebase,annualizeddepreciationexpense,incometaxexpense,payrollexpense, |
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| 60 | 60 | | 48employeebenefitsotherthanpensionsandotherpost-retirementbenefits,andratecase |
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| 61 | 61 | | 49expenseattheendofthefuturetestyear.Thetotalendingratebaseandexpenseitems |
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| 62 | 62 | | 50reflectedinthisupdateshallnotbegreaterthanthetotalendingratebaseandexpense |
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| 63 | 63 | | 51itemsapprovedbythecommissioninitsreportandorderestablishingbaserates.The |
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| 64 | 64 | | 52commissionandpartiestothecaseshallhavesixtydaystoreviewtheaccuracyofthe |
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| 65 | 65 | | 53updatedinformationprovidedbyagascorporation,watercorporation,orsewer |
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| 66 | 66 | | 54corporation.Thecommissionshallorderthecorporationtofilenewtariffsheetsthat |
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| 67 | 67 | | HB154 2 55reflecttheupdate,unlessanypartywhowasapartytotheratecasefilesarequestfora |
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| 68 | 68 | | 56hearingatwhichpointthecommissionshallsuspendthefiledtariffsandordera |
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| 69 | 69 | | 57proceduralschedule. |
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| 70 | 70 | | 58 4.Agascorporation,watercorporation,orsewercorporationthatrequestsa |
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| 71 | 71 | | 59testyearundersubsection3ofthissectionshallnotrecoverthecostsofanyplant |
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| 72 | 72 | | 60investmentsmadeduringthetestyearperiodunderanyofthemechanismsprovidedfor |
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| 73 | 73 | | 61insection393.1000,393.1003,393.1006,393.1009,393.1012,393.1015,393.1500, |
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| 74 | 74 | | 62393.1503,393.1506,or393.1509. |
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| 75 | 75 | | 63 5.Foragascorporation,watercorporation,orsewercorporationthatelectedto |
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| 76 | 76 | | 64useafuturetestyear,areconciliationoftheratebaseattheendofthefuturetestyear |
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| 77 | 77 | | 65shallbeprovidedtothecommissionwithinforty-fivedaysoftheendofthefuturetest |
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| 78 | 78 | | 66year.Iftheactualratebaseislessthantheratebaseusedtosetbaseratesintheprior |
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| 79 | 79 | | 67generalrateproceedingundersubsections1and2ofthissectionandnotwithstanding |
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| 80 | 80 | | 68section393.270,theportionoftheannualrevenuerequirementcomprisingtheratebase |
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| 81 | 81 | | 69differenceshallbereturnedtocustomers.Therevenuerequirementshallbecalculated |
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| 82 | 82 | | 70usingratebase,depreciationexpense,incometaxexpense,andthepre-taxrateofreturn |
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| 83 | 83 | | 71fromthepriorgeneralrateproceedingundersubsections1and2ofthissection.The |
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| 84 | 84 | | 72differenceinrevenuerequirementshallbeplacedintoaregulatoryliabilitytobe |
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| 85 | 85 | | 73returnedtocustomersinthenextgeneralrateproceedingwithsuchregulatoryliability |
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| 86 | 86 | | 74toaccruecarryingcostsattheutility'sweightedaveragecostofcapital. |
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| 87 | 87 | | 75 6.Thecommissionmaytakeintoaccountanychangeinbusinessrisktothe |
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| 88 | 88 | | 76corporationresultingfromimplementationoftheadjustmentmechanisminsettingthe |
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| 89 | 89 | | 77corporation'sallowedreturninanyrateproceeding,inadditiontoanyotherchangesin |
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| 90 | 90 | | 78businessriskexperiencedbythecorporation. |
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| 91 | 91 | | 79 7.Foragascorporation,watercorporation,orsewercorporationthatelectedto |
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| 92 | 92 | | 80useafuturetestyear,areconciliationofpayrollexpense,employeebenefitsexceptfor |
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| 93 | 93 | | 81pensionsandotherpostretirementbenefits,andratecaseexpenseattheendofthe |
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| 94 | 94 | | 82futuretestyearshallbeprovidedtothecommissionwithinforty-fivedaysoftheendof |
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| 95 | 95 | | 83thefuturetestyear.Iftheactualamountsfortheseexpensesarelessthantheamounts |
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| 96 | 96 | | 84usedtocalculatetherevenuerequirementinthepriorgeneralrateproceedingunder |
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| 97 | 97 | | 85subsections1and2ofthissectionandnotwithstandingsection393.270,thedifferences |
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| 98 | 98 | | 86shallbereturnedtocustomers.Thedifferenceinrevenuerequirementshallbeplaced |
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| 99 | 99 | | 87intoaregulatoryliabilitytobereturnedtocustomersinthenextgeneralratecasewith |
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| 100 | 100 | | 88suchregulatoryliabilitytoaccruecarryingcostsattheutility'sweightedaveragecostof |
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| 101 | 101 | | 89capital. |
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| 102 | 102 | | 90 8.Forpurposesofthissection,thefollowingtermsshallmean: |
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| 103 | 103 | | HB154 3 91 (1)"Baserates",ratesorchargesforpublicutilityserviceotherthanratesor |
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| 104 | 104 | | 92chargesunderanyrateadjustmentmechanismincluding,butnotlimitedto,those |
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| 105 | 105 | | 93approvedundertheprovisionsofsections386.266,393.1000,393.1009,393.1030, |
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| 106 | 106 | | 94393.1075,and393.1500; |
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| 107 | 107 | | 95 (2)"Revenuerequirement",theamountofretailrevenuesfrombaserates |
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| 108 | 108 | | 96chargedtoretailcustomersforpublicutilityserviceneededforapublicutilityto |
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| 109 | 109 | | 97recoveritscosttoprovideutilityserviceincludingreasonableandnecessaryexpenses, |
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| 110 | 110 | | 98prudentinvestments,andthecostofcapital. |
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| 111 | 111 | | 99 9.Thecommissionmaypromulgateallnecessaryrulesandregulationsforthe |
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| 112 | 112 | | 100administrationofthissection.Anyruleorportionofarule,asthattermisdefinedin |
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| 113 | 113 | | 101section536.010,thatiscreatedundertheauthoritydelegatedinthissectionshall |
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| 114 | 114 | | 102becomeeffectiveonlyifitcomplieswithandissubjecttoalloftheprovisionsofchapter |
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| 115 | 115 | | 103536and,ifapplicable,section536.028.Thissectionandchapter536arenonseverable |
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| 116 | 116 | | 104andifanyofthepowersvestedwiththegeneralassemblypursuanttochapter536to |
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| 117 | 117 | | 105review,todelaytheeffectivedate,ortodisapproveandannularulearesubsequently |
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| 118 | 118 | | 106heldunconstitutional,thenthegrantofrulemakingauthorityandanyruleproposedor |
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| 119 | 119 | | 107adoptedafterAugust28,2025,shallbeinvalidandvoid. |
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| 120 | 120 | | âś” |
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| 121 | 121 | | HB154 4 |
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