BILL · 2019–20 SESSION

SB 5816: Utility rate making/property

Clarifying the valuation and determination of used and useful property for rate making purposes.

Summary

  • Specifies the Utilities and Transportation Commission (UTC) may ascertain and determine the fair value of a regulated company's property that is used and useful for service in the state by or during the rate effective period for ratemaking purposes.
  • Authorizes the UTC to provide changes to rates for up to 48 months after the rate effective date using any standard, formula, method, or theory of valuation reasonably calculated to arrive at fair, just, reasonable, and sufficient rates.
  • Specifies the UTC's authority to consider and implement performance and incentive-based regulation, multiyear rate plans, and other flexible regulatory mechanisms.

From the Senate Bill Report (SB 5816), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedFeb 4, 2019
  2. Out of committeeFeb 21, 2019
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Senator (D-36)
Introduced
February 4, 2019 in the Senate
Last action
February 24, 2020
Companion bill
HB 1625
Budget
Has a fiscal note

AN ACT Relating to clarifying the valuation and determination of used and useful property for rate making purposes;

Sponsors

Prime sponsor: Senator (D-36)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

1 other recorded vote (amendments, procedural motions)

Senate · 2nd Reading

Passed March 7, 2019
Version voted on: SB 5816
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat28001
Republican19001
How each member voted

History

  1. Senate Rules "X" file.
  2. Placed on third reading by Rules Committee.
  3. By resolution, reintroduced and retained in present status.
  4. By resolution, returned to Senate Rules Committee for third reading.
  5. Referred to Rules 2 Consideration.
  6. Rules Committee relieved of further consideration. Placed on second reading.
  7. Referred to Rules 2 Review.
  8. ENVI - Majority; do pass.
  9. First reading, referred to Environment & Energy.
  10. Placed on second reading by Rules Committee.
  11. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2.
  12. Rules suspended. Placed on Third Reading.
  13. Passed to Rules Committee for second reading.
  14. ENET - Majority; do pass.
  15. First reading, referred to Environment, Energy & Technology.

SB 5816 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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