MO SB902

Creates section 386.715 establishing a funding mechanism where public utilities are assessed up to 0.04% of gross intrastate operating revenues to fund the Office of Public Counsel, with telephone corporations limited to no more than 3% of total Public Counsel expenses.

Requires public utilities to file annual statements by March 31st showing gross intrastate operating revenues for the preceding calendar year, with commission authority to estimate revenues if utilities fail to file.

Creates the Public Counsel Fund as a special fund where assessments are deposited and used solely for Public Counsel expenditures, with unused balances carrying forward to reduce future assessments rather than reverting to general revenue.

Modifies section 393.150 to require the Public Service Commission to issue orders authorizing temporary and prospective rate adjustments when rate cases conclude, calculated based on record evidence and reconciliation data.

Establishes procedures for temporary rate adjustments: when rates decrease, customers receive refunds of over-collected amounts plus interest; when rates increase, utilities recover under-collected amounts plus interest, both applied over a one-year period using the approved rate design.