Bill > SB172

This bill, titled the Fuel Surcharge Stability Act, amends existing Kentucky law (KRS 278.277) to allow the Public Service Commission (PSC), which is the state agency that regulates utility companies, to grant electric utilities permission to extend the timeframe for recovering their fuel costs. This change is intended to reduce fluctuations in electricity bills for consumers and promote more stable rates by allowing utilities to spread out the recovery of these costs over a longer period, rather than immediately passing them on. The bill also declares an emergency, meaning it will become law immediately upon approval, to ensure these rate stability measures can be implemented quickly to benefit consumers.

Agriculture and Natural Resources

https://apps.legislature.ky.gov/record/26RS/sb172.html