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Senate approves restrictions on utility cost recovery for high-speed EV chargers
Summary
The Senate adopted committee amendments to S.275 limiting utilities from spreading the cost of high-speed EV charger installations across all ratepayers; amendments preserve municipalities' ability to fund chargers from non-rate sources and allow certain existing utility recoveries to continue.
The Senate adopted committee amendments to S.275 on Feb. 26 that would prevent utilities from recovering the installation cost of high-speed electric-vehicle (EV) charging stations through standard electric rates charged to all customers.
Sponsor summary: The sponsor said the bill would prohibit electric utilities, including investor-owned utilities and electric cooperatives, from placing the capital cost of EV chargers into rate base and passing those costs…
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