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Senate Public Utilities Committee advances SB103 after adopting amendment on forecasted test‑period cost recovery
Summary
The Senate Public Utilities Committee adopted an amendment to Senate Bill 103 exempting a cost‑recovery mechanism tied to a forecasted test‑period true‑up from the bill's prohibition, then favorably reported the substitute bill to the Committee on Rules and Reference.
The Senate Public Utilities Committee on a voice vote adopted an amendment to Senate Bill 103 that exempts a cost‑recovery mechanism tied to a forecasted test‑period true‑up from the bill's broader prohibition on separate riders or cost‑recovery mechanisms, and then voted to favorably report the substitute bill to the Committee on Rules and Reference.
Vice Chair Reineke moved the committee to adopt “amendment 946” to the substitute bill and explained the amendment "exempts a cost recovery mechanism for a forecasted test period true up from the bill's prohibition against [a] natural gas, waterworks, or a sewage disposal system company with a forecasted test period requesting and the public utilities commission approving a separate rider or cost recover mechanism to recover capital investments" and that it "terminates utility companies previously approved riders and cost recovery mechanisms used to recover capital investment upon rates going into effect based on a company's use of a forecasted test period." The committee chair stated that, with no objections, the amendment would become part of the substitute bill; the amendment was adopted by unanimous consent.
After the amendment was adopted, Vice Chair Reineke moved to favorably report substitute Senate Bill 103 to the Committee on Rules and Reference. The clerk called the roll; Senators named on the record voting "yes" included Senator Wilson, Senator Wachter and Senator Stewart. The chair announced that "103 is referred to the Committee on Rules and Reference" and asked that LSC harmonize all documents for Senate Bill 103.
The committee recorded this meeting as the sixth hearing on Senate Bill 103. The chair noted the committee did not receive oral testimony at the hearing. The committee took no further public testimony before moving the substitute bill forward.
The referral to the Committee on Rules and Reference is a procedural step; the substitute bill and adopted amendment will appear in harmonized form for subsequent consideration according to the legislature's rules and calendar.
