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MO SB944
Bill
AI Summary
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Requires gas, electrical, water, and sewer corporations to file quarterly reports with the Public Service Commission showing actual earned return on equity for the preceding twelve-month period and quarter, with supporting information as required by the commission.
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Makes quarterly return on equity reports available to the public, though corporations may request the commission restrict disclosure of proprietary or highly confidential information, except for the actual earned return on equity itself.
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Mandates that when determining authorized rate of return on equity in general rate proceedings, the commission must consider the impact of changing economic conditions and the proposed rate of return on customers, and make specific findings of fact regarding these considerations.
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Requires the commission to hear evidence concerning economic conditions and customer impact factors in rate proceedings and decide such matters as speedily as possible with preference over other pending questions.
Legislative Description
Modifies provisions relating to the regulation of a corporation's rate of return on equity by the Public Service Commission
Last Action
Second Read and Referred S Commerce, Consumer Protection, Energy and the Environment Committee
3/13/2014