HB 4392 Summary

• Extends Public Service Commission regulatory authority to include municipally owned water and sewage systems for rate-setting purposes.

• Requires utilities seeking rate increases to file complete applications and receive commission approval within 180 days, or rates are automatically approved with specific refund provisions if the final order exceeds what was implemented.

• Prohibits automatic adjustment clauses operating without notice and hearing; requires full and complete hearings for any rate increases based on fuel, purchased gas, or purchased steam costs.

• Allows gas utilities serving fewer than 1 million customers to request partial and immediate rate relief within 180 days of filing a complete application.

• Establishes a 12-month minimum interval between general rate case filings and limits utilities to one new rate case application until the commission issues a final order or rates are approved by operation of law.