Introduced
by
To eliminate the “stranded cost” true up procedure for electric utilities, which allows the Public Service Commission to adjust electric rates to compensate for any over- or under-payments by customers on charges by utilities for these costs. “Stranded costs” relate to a provision allowing previously regulated utilities to collect additional rates from customers to pay for assets which may have lost their value, such as obsolete generating plants.
Referred to the Committee on Energy and Technology
