Bill > HB997

This bill modifies provisions related to utility rate assessments by the Missouri Public Service Commission (PSC). Specifically, the bill adjusts the maximum percentage that can be assessed on utility companies to fund the PSC's regulatory activities. Currently, utilities are assessed up to three hundred fifteen thousandths of one percent (0.315%) of their total gross intrastate operating revenues. Starting January 1, 2026, this cap will increase to three hundred fifty thousandths of one percent (0.350%). The bill maintains the existing process where the PSC estimates its expenses, allocates those expenses across different utility groups (such as electrical, gas, water/sewer, heating, and telephone corporations), and then assesses each utility proportionally based on their gross intrastate operating revenues. The collected funds are deposited into a special Public Service Commission Fund, which can only be used for regulatory expenses. Any remaining funds at the end of a fiscal year will be applied to reduce the next year's assessments. Utilities must report their revenues annually and can pay the assessment in full by July 15th or in four equal quarterly installments.

https://house.mo.gov/Bill.aspx?bill=HB997&year=2025&code=R