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Committee approves higher commercial/industrial electric consumption caps to support SCC funding
Summary
HB2663 raises statutory caps on electric-utility consumption taxes for commercial and industrial customers to sustain funding for the State Corporation Commission’s utility divisions; the committee reported the bill 12-5 after hearing from the SCC, utilities and industry groups.
The House Finance Committee voted to report HB2663, which raises statutory caps on the electric-utility consumption tax for high-usage commercial and industrial customers, saying the change is intended to preserve funding for the State Corporation Commission’s utility divisions.
Delegate Fowler presented the bill, which increases special utility tax rate caps for commercial and industrial electricity consumers in two high-usage tiers. Joe D’Amico of the State Corporation Commission told the…
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