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House Approves Intent Language for PSC Rate-Setting; Senate Bill 61 Advances
Summary
The House heard debate on Senate Bill 61, which lets the Public Service Commission use historic or future test periods when setting utility rates, permits settlements to be presented to the PSC, and requires PSC rulemaking to follow the Administrative Rulemaking Act. The sponsor said the bill codifies existing practices; the House spread an intent statement and opened a vote.
House members debated Senate Bill 61 on March 2, which would allow the Public Service Commission (PSC) greater flexibility when choosing a test period for setting utility rates, explicitly permit settlements to be brought before the PSC with hearing rights for interested parties, and require the PSC to follow the Administrative Rulemaking Act when adopting rules.
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