Wisconsin Assembly Bill AB683

Wisconsin 2023-2024 Regular Session

• Introduced: 11/27/23
• Refer: 11/27/23
• Failed: 4/15/24

Caption

The amount certain public utilities may recover in rates relating to amounts assessed by the Public Service Commission.

Impact

The proposed changes in AB683 could significantly affect utilities' revenue and their operational budgets. By limiting the amount utilities can charge to only what is assessed by the PSC, the bill aims to enhance consumer protection against sharp rate increases. This aligns with broader goals of making utility rates more transparent and fair for consumers while maintaining the integrity of the PSC's role in regulating utilities.

Summary

Assembly Bill 683 (AB683) seeks to amend the statutes regarding the amount that certain public utilities in Wisconsin can recover from their customers for costs associated with proceedings before the Public Service Commission (PSC). Currently, public utilities may recover expenditures for PSC-related costs up to four times the amount assessed by the PSC. This bill proposes to lower this limit to an amount equal to what is assessed, altering the financial framework within which these utilities operate.

Contention

Notably, the bill could be contentious as it may face opposition from utility companies that rely on the ability to recoup more substantial costs associated with regulatory proceedings. Supporters of the bill may argue that it protects consumers and ensures that utilities are operating within reasonable financial limits. Opponents, on the other hand, might express concern that limiting cost recovery could discourage utilities from engaging in necessary enhancements and operational improvements, potentially impacting service quality and reliability.