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House passes major public-utilities overhaul to clarify prudence and preapproval for large projects
Summary
The Utah House passed First Substitute Senate Bill 26 to create an upfront review and preapproval process for large utility projects, add four prudence standards, and require independent evaluators and public hearings; the bill passed 71-0 and will be returned to the Senate for signature.
Representative Allen, sponsor of First Substitute Senate Bill 26, told colleagues the measure creates a ‘‘transparent, upfront review and approval of large utility projects’’ after several years of disputes over bidding and cost recovery. Allen said the bill requires public hearings, an independent evaluator hired by the Public Service Commission and four defined standards to determine whether decisions are ‘‘prudent.’'
The bill responds to past controversies in which utilities’ bidding processes and an evaluator’s impartiality were questioned and to a Utah Supreme Court…
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