Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate committee weighs $125 million three‑year cap and limits on recoverable utility expenses in SB 60
Summary
Senate Bill 60 would bar recovery in rate cases of certain indirect costs and set a three‑year capital spending cap of $125 million for Delmarva Power’s distribution investments unless emergency exceptions apply.
Senator Stephanie Hanson described Senate Bill 60 as a companion to SB 59. The bill would specify categories of utility spending that are not recoverable in rate cases and, in an amendment discussed at the hearing, set a three‑year capital spending cap for Delmarva Power of $125,000,000 unless ‘‘emergency or extraordinary circumstances’’ apply.
Matt Hartigan, executive director of the Public Service Commission, explained the PSC retains a consultant to review each utility’s annual Infrastructure Safety and Reliability (ISR) plan. That consultant had recommended a cap of $115,000,000 in its most recent review; the amendment raises that figure…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
