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House passes SB115 after lengthy debate on utility incentives and consumer protections
Summary
Senate Bill 115, revising public utilities regulation to focus on competition and public interest and allowing incentive rate mechanisms, passed the House after intense floor debate over consumer protections and how excess earnings would be shared; several amendment attempts to remove earnings sharing or specify public‑purpose uses failed.
The Utah House approved Senate Bill 115 on third reading after extensive debate over a new framework for the Public Service Commission to consider competition, new services and incentive‑based rate mechanisms.
Sponsor Representative Moody opened by stressing the bill "is not a deregulation bill," but rather compresses existing regulatory factors into two primary tests (competition and public interest) and allows the commission to adopt incentive plans that could share savings between ratepayers and…
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