HOUSE OF REPRESENTATIVES

153rd GENERAL ASSEMBLY

HOUSE AMENDMENT NO. 1

TO

SENATE BILL NO. 60

AMEND Senate Bill No. 60, as amended by Senate Amendment No. 2, by deleting lines 8 through 14 of Senate Amendment No. 2 and inserting in lieu thereof the following:

“ (c) (1) For the years 2026 through and including 2028, the Public Service Commission shall not allow an electric distribution company to recover in rates annual capital expenses in excess of $125 million dollars to maintain system reliability, absent emergency or extraordinary circumstances, including an inability to meet, but not exceed, Public Service Commission reliability standards, that require greater capital expenditures by the electric distribution company.

(2) The recovery of any capital expenses in excess of the $125 million dollar cap, arising from emergency or extraordinary circumstances, are subject to review and approval by the Public Service Commission, and the application to the Commission must be filed within six months of the incurring of the initial capital expenses sought to be recovered. Storm response and restoration costs above the costs set forth in the Infrastructure, Safety, and Reliability Plan filed by the electric distribution company with the Public Service Commission for the year the costs are incurred may be recoverable as costs incurred under emergency or extraordinary circumstances. ”

SYNOPSIS

This amendment clarifies that storm response and restoration costs above the costs set forth in the Infrastructure, Safety, and Reliability Plan filed by the electric distribution company with the Public Service Commission for the year the costs are incurred may be recoverable as costs incurred under emergency or extraordinary circumstances.