A bill targeting a Rocky Mountain Power recovery account cleared its first hurdle in the Utah Legislature, with lawmakers expressing concern over the company's rising rates.
A bill targeting a Rocky Mountain Power recovery account cleared its first hurdle in the Utah Legislature as lawmakers vented about the company's rising rates. Members of the House Public Utilities and Energy Committee voted 9-1 on Wednesday to advance HB72 , sponsored by Rep. Carl Albrecht, R-Richfield, during a meeting with tense moments here and there.
HB72 directs the Utah Public Service Commission to reject utility cost increases unless the provider can show the rate increases benefit Utah customers and ban cost recovery from Utah ratepayers 'for facilities and programs primarily benefiting other states.' It would also eliminate energy balancing account cost recovery for any costs recovered after 2024. The account was created to balance out the differences between the rates customers pay and the actual power costs to provide electricity. It was created in 2011 with a 70-30 split between customers and shareholders on costs higher than the rates, but it was amended by the Utah Legislature in 2016 to put the full cost on customers. There was one rate increase after that, which came in 2020. However, Rocky Mountain Power requested
UTAH LEGISLATURE ROCKY MOUNTAIN POWER UTILITY RATES HB72 ENERGY BALANCING ACCOUNT
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