Kentucky HB535 allows electric utilities to securitize certain costs and recover them through customer surcharges.
Kentucky HB535 amends state law to allow investor-owned electric utilities to securitize certain costs, including retired generation costs and undepreciated extra-state generation utility plant balances. The Kentucky Public Service Commission must approve the securitization, and the utility can recover the costs through a nonbypassable surcharge on customer bills. The surcharge is collected separately from the base rate and is adjusted semiannually. The bill also outlines the process for applying for a financing order, the role of the commission, and the rights of bondholders and assignees.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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