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SF0021 • 2024

Public utilities-net power cost sharing ratio.

AN ACT relating to public utilities; specifying the sharing of electric supply costs between a public utility and its customers in specified cost-tracking mechanisms; and providing for an effective date.

Elections
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Corporations
Last action
2024-03-04
Official status
enrolled
Effective date
7/1/2024

Plain English Breakdown

The official bill text does not specify that cost-sharing is limited only to cases where costs are under the utility's control, but it mentions 'which costs are in the complete or partial control of the utility' as a condition for approval by the commission.

Electric Supply Cost Sharing for Public Utilities

This law sets rules for how public utilities and their customers share costs when there are changes in electric supply prices between rate reviews, specifically if these changes are under the utility's control.

What This Bill Does

  • Requires the Public Service Commission to approve cost-tracking methods that help utilities recover changes in certain electric supply costs between rate cases.
  • Specifies that these tracking methods must include a way to share costs between the utility and its customers when those costs are under some control of the utility.

Who It Names or Affects

  • Public utilities
  • Customers of public utilities

Terms To Know

cost-tracking mechanism
A system used by a utility to track and recover changes in costs over time, specifically for electric supply costs.

Limits and Unknowns

  • The law only applies when the Public Service Commission approves specific cost-tracking methods.
  • It does not specify how costs are shared, leaving that detail to be decided by the commission or utility.
  • The exact impact on customers and utilities depends on future decisions about how these mechanisms work.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

SF0021HS001

Standing Committee • House Corporations, Elections & Political Subdivis

Failed

Plain English: The amendment changes the spelling of a word in a bill about electric supply costs.

  • Replaces 'therefor' with 'therefore' on page 2, line 4.
  • This change does not affect the meaning or content of the bill beyond correcting a spelling variation.
SF0021SS001

Standing Committee • Senate Corporations, Elections & Political Subdivi

Adopted

Plain English: The amendment adds language to specify that electric supply cost sharing between a public utility and its customers applies when costs are under the utility's control.

  • Adds text after 'cases,' to include 'which costs are in the complete or partial control of the utility,'
  • The amendment does not provide further details on how utilities will determine which costs are within their control.

Bills Worth Reading With This One

These pairings are meant to flag bills from the same session that may have a bigger real-world effect when you read them together.

SF0024

Both bills relate to public utilities and are sponsored by the same committee, addressing different aspects of utility regulation but interacting in their regulatory framework.

Medium confidence Needs review

Possible combined effect: Bill A sets a cost-sharing ratio for electric supply costs between utilities and customers, while Bill B mandates long-range planning and review processes for integrated resource plans. Together, they create a more comprehensive regulatory environment for public utilities by combining procedural requirements with enforcement mechanisms.

Why this got flagged:
  • Both bills address different but complementary aspects of public utilities regulation, with Bill A focusing on cost-sharing mechanisms and Bill B on long-range planning and review processes. Together, they provide a more comprehensive regulatory framework that impacts utility operations.
  • specifying the sharing of electric supply costs between a public utility and its customers in specified cost-tracking mechanisms
  • requires the Public Service Commission to engage in long-range planning regarding public utility regulatory policy
  • authorizes one (1) additional position within the Public Service Commission to implement the review of integrated resource plans under the bill

Bill History

  1. 2024-03-04 LSO

    Assigned Chapter Number 16

  2. 2024-03-04 Governor

    Governor Signed SEA No. 0006

  3. 2024-02-29 House

    H Speaker Signed SEA No. 0006

  4. 2024-02-29 Senate

    S President Signed SEA No. 0006

  5. 2024-02-29 LSO

    Assigned Number SEA No. 0006

  6. 2024-02-29 House

    H 3rd Reading:Passed 59-3-0-0-0

  7. 2024-02-28 House

    H 2nd Reading:Passed

  8. 2024-02-27 House

    H COW:Passed

  9. 2024-02-26 House

    H Placed on General File

  10. 2024-02-26 House

    H07 - Corporations:Recommend Amend and Do Pass 9-0-0-0-0

  11. 2024-02-23 House

    H Introduced and Referred to H07 - Corporations

  12. 2024-02-16 House

    H Received for Introduction

  13. 2024-02-16 Senate

    S 3rd Reading:Passed 31-0-0-0-0

  14. 2024-02-15 Senate

    S 2nd Reading:Passed

  15. 2024-02-14 Senate

    S COW:Passed

  16. 2024-02-14 Senate

    S Placed on General File

  17. 2024-02-14 Senate

    S07 - Corporations:Recommend Amend and Do Pass 4-1-0-0-0

  18. 2024-02-12 Senate

    S Introduced and Referred to S07 - Corporations 31-0-0-0-0

  19. 2024-01-24 Senate

    S Received for Introduction

  20. 2023-12-18 LSO

    Bill Number Assigned

Official Summary Text

Bill Summary - 24LSO-0274

Bill No.:

SF0021

Effective:

7/1/2024

LSO No.:

24LSO-0274

Enrolled Act No.:

SEA No. 0006

Chapter No.:

16

Prime Sponsor:

Joint Corporations, Elections & Political Subdivisions Interim Committee

Catch Title:

Public utilities-net power cost sharing ratio.

Has Report:

No

Subject:

Public utilities–net power cost sharing ratio.

Summary/Major Elements:

This bill specifies that if the Public Service Commission approves any form of cost tracking mechanism for a public utility to recover changes in certain electric supply costs between rate cases, the mechanism shall provide for a sharing of those costs between the public utility and its customers.

The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent.

While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

Read the full stored bill text 
24LSO-0274

ORIGINAL Senate

File No
.
SF0021

ENROLLED ACT NO. 6,

SENATE

SIXTY-SEVENTH LEGISLATURE OF THE STATE OF WYOMING
2024 Budget Session

AN ACT relating to public utilities; specifying the sharing of electric supply costs between a public utility and its customers in specified cost-tracking mechanisms; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.

W.S. 37
‑
2
‑
121 is amended to read:

37
‑
2
‑
121.

When rate to be changed by commission; nontraditional rate making.

If upon hearing and investigation, any rate shall be found by the commission to be inadequate or unremunerative, or to be unjust, or unreasonable, or unjustly discriminatory, or unduly preferential or otherwise in any respect in violation of any provision of this act, the commission, within the time periods provided under W.S. 37
‑
3
‑
106(c) may fix and order substituted therefor a rate as it shall determine to be just and reasonable, and in compliance with the provisions of this act. The rate so ascertained, determined and fixed by the commission shall be charged, enforced, collected and observed by the public utility for the period of time fixed by the commission. The rates may contain provisions for incentives for improvement of the public utility's performance or efficiency, lowering of operating costs, control of expenses or improvement and upgrading or modernization of its services or facilities.

Any public utility may apply to the commission for its consent to use innovative, incentive or nontraditional rate making methods.

In conducting any investigation and holding any hearing in response thereto, the commission may consider and approve proposals which include any rate, service regulation, rate setting concept, economic development rate, service concept, nondiscriminatory revenue sharing or profit
‑
sharing form of regulation and policy, including policies for the encouragement of the development of public utility infrastructure, services, facilities or plant within the state, which can be shown by substantial evidence to support and be consistent with the public interest.
If the commission approves any form of cost
‑
tracking mechanism pursuant to this section for a public utility to recover changes in electric supply costs between rate cases, which costs are in the complete or partial control of the utility, the mechanism shall provide for a sharing of those costs between the public utility and its customers.

Section 2
.

This act is effective July 1, 2024
.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the Senate.

Chief Clerk

1