House adopts amendments to utility cost‑recovery bill; special‑orders HB 1 for consideration
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Summary
The House adopted committee amendments to a bill limiting investor‑owned utilities' cost recovery for certain compensation and ordered House Bill 1 as a special order for the next day after floor clarification and questions about expected rate impacts.
The House considered a report from the Environment and Transportation Committee on legislation that would limit investor‑owned electric and gas companies’ ability to recover certain costs through ratepayer charges. The committee chair described two amendments: a technical amendment adding sponsors and changes, and a second amendment altering applicability of ratepayer cost recovery (including exclusions for some items and expanding applicability to parent companies/affiliates). The chair explained the amendment language on the floor and members adopted the amendments by voice vote.
Floor members asked clarifying questions about expected rate impacts. The committee chair said the bill is intended to push certain high compensation costs back to shareholders and that exact statewide rate impacts would be difficult to determine from the amended text alone.
Later in the floor proceeding, the House agreed to special order House Bill 1, setting it for consideration the following day by voice vote.
The transcript records adoption of the amendments and the favorable report as amended; no explicit dollar estimates for consumer savings were given on the floor.
