Electric utilities, certain; purchased power cost risk mitigation practices.

Summary

The bill requires electric utilities that purchase fuel or power to file yearly cost estimates with the State Corporation Commission, which will set rate adjustments to recover those costs. The commission must watch for over‑recovery and can cut rates if utilities collect more than five percent too much, especially when a proposed increase would raise residential bills by over 20 percent. It also sets a schedule for deferring large fuel‑cost hikes and outlines how off‑system power sales are credited.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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