Pennsylvania HB2739 amends public utility rate regulations to standardize depreciation procedures.
Pennsylvania HB2739 amends Title 66 of the Pennsylvania Consolidated Statutes to standardize depreciation procedures for public utilities. The bill mandates that all rate filings include depreciation expense and accumulated depreciation calculated using the Average Life Group depreciation procedure. The Public Utility Commission's review of depreciation is limited to verifying the use of this procedure and making reasonableness determinations for inputs and assumptions.
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