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AR HB1497

Bill

Official Source

Status

Passed

3/17/2023

Primary Sponsor

Robin Lundstrum

Click for details

Origin

House of Representatives

94th General Assembly (2023 Regular)

AI Summary

  • Amends Arkansas Code § 23-4-1208(b)(2)(A) regarding the timeframe for public utility rate change applications
  • Allows public utilities to file applications for changes in rates and charges at any time during the initial term of a formula rate review mechanism
  • Allows public utilities to file applications for changes in rates and charges at any time during an extension of a formula rate review mechanism
  • Changes the capitalization of "extension" to "Extension" in the statutory text
  • Approved March 16, 2023

Legislative Description

To Amend The Formula Rate Review Act; And To Modify The Term Of A Formula Rate Review Approved By The Arkansas Public Service Commission.

Last Action

Notification that HB1497 is now Act 299

3/17/2023

Committee Referrals

Insurance & Commerce3/6/2023
Insurance and Commerce2/23/2023

Full Bill Text

No bill text available