MO SB702

Allows electrical corporations to recover changes in transmission expenses and government-mandated property taxes since their most recent rate proceeding by placing amounts in a regulatory asset or liability account.

Requires the balance in the regulatory account to be amortized over a three-year period in the corporation's next general rate proceeding without offset, reduction, or adjustment based on other factors.

Limits annual amortized amounts to a maximum of two percent of the electrical corporation's base revenue level as determined in its most recent rate proceeding.

Authorizes the commission to review transmission expenses and property taxes for prudence during the corporation's next general rate proceeding.

Expires on August 27, 2018, with any remaining balance in the regulatory account included in the corporation's next rate proceeding; does not apply to electrical corporations with more than one million customers.