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Committee approves bill barring utilities from passing plant demolition costs to ratepayers
Summary
House Bill 519, approved by the committee, would prohibit utilities from recovering demolition costs for retired fossil-fuel generation facilities through customer rates; sponsor argued ratepayers should not fund demolition that benefits utility owners.
The Committee on Natural Resources and Energy approved House Bill 519 on Monday, a measure that would bar utilities from passing the cost of demolishing retired generation plants — such as coal-fired units — onto ratepayers.
Sponsor Representative Chris Fugate told the committee that energy costs in parts of Kentucky have risen sharply in recent years and that many customers are struggling to pay bills. "The purpose of this bill... is if a company utility decides to tear down or go away from coal-fired generation or fossil…
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