Exempting any electric public utility that is a not-for-profit wholly owned subsidiary of an electric cooperative public utility from the jurisdiction of the state corporation commission.

SB 348 exempts nonprofit electric utilities owned by Kansas electric cooperatives from oversight by the Kansas State Corporation Commission (SCC), while establishing key safeguards. The bill allows customers to petition the SCC to investigate rates if 5% of customers (or 3% from one rate class) request it, and the SCC can adjust rates found unjust or discriminatory. It requires these utilities to provide 10-day notice of rate meetings to all customers, maintain public rate schedules, and seek SCC approval for dividend payments or equity transfers. The exemption does not apply to transmission, territory disputes, or renewable energy standards, which remain under SCC jurisdiction.