Bill > SB1550

This bill modifies existing Missouri law concerning how the Public Service Commission (PSC) assesses and collects funds to cover its regulatory expenses for public utilities. Specifically, it updates the process for estimating and allocating these costs among different types of utilities, such as electrical, gas, water, sewer, and telecommunications corporations. The bill clarifies that the PSC will estimate its expenses, then allocate a portion of those expenses not directly tied to a specific utility group based on their gross intrastate operating revenues from the previous year. It also sets new limits on the total amount that can be assessed to telecommunications corporations and other utilities. A key change is the allowance for public utilities to make statements under penalty of perjury, in addition to sworn statements, when reporting their financial information to the PSC. The bill also makes minor adjustments to the PSC's powers and duties related to supervising and regulating these utilities, including their operations, accounts, and reporting requirements.

Business and Industry

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=746298