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Glossary of Legislative Terms

CS/CS/HB 125: Utility System Rate Base Values

GENERAL BILL by Commerce Committee ; Energy, Communications & Cybersecurity Subcommittee ; McClain

Utility System Rate Base Values; Establishes alternative procedure by which PSC may establish rate base value for certain acquired utility systems; requires that approved rate base value be reflected in acquiring utility's next general rate case for ratemaking purposes; establishes procedure for appraisal of acquired utility system; provides contents required for petition to PSC for approval of rate base value of acquired utility system; provides duties of PSC regarding petitions; authorizes PSC to set rates for & classify certain acquired utility systems; requires PSC to take certain factors into consideration for certain rate base value petitions; requires PSC to adopt rules.

Effective Date: 7/1/2023
Last Action: 6/27/2023 - Chapter No. 2023-291
Bill Text: PDF
Senate Committee References:
  1. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    1/6/2023 House • Filed
    1/17/2023 House • Referred to Energy, Communications & Cybersecurity Subcommittee
    • Referred to State Administration & Technology Appropriations Subcommittee
    • Referred to Commerce Committee
    • Now in Energy, Communications & Cybersecurity Subcommittee
    2/8/2023 House • Added to Energy, Communications & Cybersecurity Subcommittee agenda
    2/15/2023 House • Favorable with CS by Energy, Communications & Cybersecurity Subcommittee
    • Reported out of Energy, Communications & Cybersecurity Subcommittee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    2/21/2023 House • Original reference removed: State Administration & Technology Appropriations Subcommittee
    • Referred to Commerce Committee
    • Now in Commerce Committee
    3/7/2023 House • 1st Reading (Original Filed Version)
    • 1st Reading (Committee Substitute 1)
    4/13/2023 House • Added to Commerce Committee agenda
    4/18/2023 House • Favorable with CS by Commerce Committee
    • Reported out of Commerce Committee
    • Laid on Table under Rule 7.18(a)
    • CS Filed
    4/19/2023 House • Bill referred to House Calendar
    • 1st Reading (Committee Substitute 2)
    • Added to Second Reading Calendar
    4/24/2023 House • Bill added to Special Order Calendar (4/27/2023)
    4/27/2023 House • Read 2nd time
    • Added to Third Reading Calendar
    • Read 3rd time
    • CS passed; YEAS 112, NAYS 2
    4/27/2023 Senate • In Messages
    • Referred to Fiscal Policy
    • Withdrawn from Fiscal Policy -SJ 581
    • Placed on Calendar, on 2nd reading
    • Substituted for CS/SB 194 -SJ 581
    • Received
    • Read 2nd time -SJ 581
    • Read 3rd time -SJ 581
    • CS passed; YEAS 37 NAYS 0 -SJ 581
    • Reconsidered -SJ 584
    • CS passed; YEAS 38 NAYS 0 -SJ 584
    4/27/2023 House • In Messages
    • Ordered enrolled
    6/26/2023 • Signed by Officers and presented to Governor
    • Approved by Governor
    6/27/2023 • Chapter No. 2023-291

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  • CS/CS/HB 125, Enrolled (Current Bill Version) Posted 4/28/2023 at 8:00 AM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 194 (c1) Utility System Rate Base Values Hooper Identical Last Action: 4/27/2023 S Laid on Table, companion bill(s) passed, see CS/CS/HB 125 (Ch. 2023-291) -SJ 581 Track This Bill

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    367.0811 Page 2 (pdf)

    Top of SectionTop of Page

  • CS/CS/HB 125, Committee Substitute 2 Posted 4/18/2023 at 6:11 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 194 (c1) Utility System Rate Base Values Hooper Identical Last Action: 4/27/2023 S Laid on Table, companion bill(s) passed, see CS/CS/HB 125 (Ch. 2023-291) -SJ 581 Track This Bill

    Floor Votes (3)

    Date Chamber Result
    4/27/2023 2:52 PM House 112 Yeas - 2 Nays
    4/27/2023 6:05 PM Senate 37 Yeas - 0 Nays
    4/27/2023 6:48 PM Senate 38 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    367.0811 Page 2 (pdf)

    Top of SectionTop of Page

  • CS/HB 125, Committee Substitute 1 Posted 2/15/2023 at 4:29 PM

    Bill Text:   PDF
    Analyses:   Commerce Committee (Post-Meeting) 4/18/2023 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 194 (c1) Utility System Rate Base Values Hooper Similar Last Action: 4/27/2023 S Laid on Table, companion bill(s) passed, see CS/CS/HB 125 (Ch. 2023-291) -SJ 581 Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    562745 - Strike All Amendment
    Remove everything after the enacting clause and insert:     		McClain 4/14/2023
    5:48 PM     		Adopted without Objection
    4/18/2023     		PDF

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    367.0811 Page 1 (pdf)

    Top of SectionTop of Page

  • HB 125, Original Filed Version Posted 1/6/2023 at 10:40 AM

    Bill Text:   PDF
    Analyses:   Energy, Communications & Cybersecurity Subcommittee (Post-Meeting) 6/28/2023 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 194 Utility System Rate Base Values Hooper Identical Last Action: 4/27/2023 S Laid on Table, companion bill(s) passed, see CS/CS/HB 125 (Ch. 2023-291) -SJ 581 Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    908735 - Amendment
    Remove lines 85-99 and insert:     		McClain 2/14/2023
    5:04 PM     		Adopted without Objection
    2/15/2023     		PDF

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    367.0811 Page 1 (pdf)

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