Modifies provisions related to utility rates
HB 997 modifies how the state public utility commission calculates and collects fees to cover its regulatory costs. It requires the commission to separately estimate expenses for different utility groups (electric, gas, water, etc.) and assess fees based on each group's share of total utility revenues, with a cap of 0.315% until 2026 and 0.35% afterward. The collected fees fund a dedicated "Public Service Commission Fund" to cover regulatory expenses, with unspent balances carried forward to reduce future assessments. Utilities must annually report their intrastate revenues to the commission by March 31 to enable this calculation.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 22, 2025
Last action May 15, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
May 15, 2025
Committee
Referred: Emerging Issues(H)
lower
Jan 22, 2025
Introduced
Introduced and Read First Time (H)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Black
RRepublican
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