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OH HB95
Bill
Status
9/9/2011
Primary Sponsor
William Batchelder
Click for details
AI Summary
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Permits natural gas companies to propose adjustments to revenues and expenses for reasonably expected changes during and after the test period, with the commission incorporating adjustments if found just and reasonable.
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Allows natural gas companies to propose rate adjustments within 90 days of actual data becoming available to recalculate rates based on differences between projected and actual revenues, expenses, and property valuations.
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Modifies public notice requirements for rate increase applications by reducing publication frequency from three weeks to two weeks and allowing abbreviated second publications if full notice is posted online.
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Establishes that natural gas companies may file applications for capital expenditure programs for infrastructure, information technology, or regulatory compliance, with authorization to defer or recover post-in-service carrying costs and depreciation.
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Changes long-term forecast report requirements for natural gas companies from annual to once every three years and simplifies hearing requirements by eliminating automatic hearings based on load change percentages.
Legislative Description
To permit certain rate-calculation adjustments for natural gas companies, alter public notice requirements for rate cases, and, for natural gas companies, to make other regulatory changes concerning audits, alternative rate plans, and forecast reports, and allowing applications for natural gas company capital expenditure programs.
Natural gas companies-regulatory changes/rate cases-eliminate public notice
Last Action
Effective Date
9/9/2011