Bill > H0125

This bill establishes an alternative procedure by which the Public Service Commission (PSC) can set the rate base value for certain acquired utility systems, rather than using the standard cost method. The bill requires that the approved rate base value be reflected in the acquiring utility's next general rate case for ratemaking purposes. It also sets forth the process for appraising the acquired utility system, the required contents of the petition for PSC approval, and the duties of the PSC in reviewing such petitions. The bill authorizes the PSC to set rates for and classify certain acquired utility systems, and requires the PSC to consider various factors, such as improvements in service quality and compliance, rate reductions or stability, cost efficiencies, and economies of scale, in evaluating the petitions. The bill further requires the PSC to adopt rules to implement these provisions.

Business and Industry, Transportation and Infrastructure

Commerce Committee (H), Energy, Communications & Cybersecurity Subcommittee (H)

https://www.flsenate.gov/Session/Bill/2023/125