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AR SB536

Bill

Status

Passed

4/11/2023

Primary Sponsor

Missy Irvin

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Origin

Senate

94th General Assembly (2023 Regular)

AI Summary

  • Delays the start date for electric utility retirement reviews from 2021 to 2024, with reviews continuing once every three years thereafter.

  • Requires the Arkansas Public Service Commission to produce a report discussing the remaining useful lives of existing electric generating units based on integrated resource plans.

  • Mandates the report include a cost-benefit analysis, rate impact analysis, and analysis of impact on electrical grid reliability and resilience.

  • Requires commissioners to explicitly state their findings on whether life extensions of existing electric generating units are in the public interest.

  • Limits report scope to only existing electric generating units with a planned or announced retirement date of less than five years from the report date.

Legislative Description

To Amend The Arkansas Affordable Energy Act; And To Amend The Law Regarding Retirement Review.

Last Action

Notification that SB536 is now Act 718

4/11/2023

Committee Referrals

Insurance and Commerce4/3/2023
Insurance & Commerce3/29/2023

Full Bill Text

No bill text available