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S 0137 - Requires the Public Service Commission to establish performance incentives and penalty mechanisms for an electric utility

Tracking Level: Of Interest
Sponsor: Thomas Davis (R)
Last Action: 1/8/2019 - Senate - Referred to Committee on Judiciary
Senate Committee: Judy
Assigned To:
ElectricNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Requires the Public Service Commission to establish performance incentives and penalty mechanisms that directly tie an electric utility's revenues to achievement on performance metrics. 

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Session 123 - (2019-2020)Printer Friendly
(pdf format)
S 0137 General Bill, By Davis
Summary: Electric utilities
    A BILL TO AMEND SECTION 58-27-970 OF THE 1976 CODE, RELATING TO AN ELECTRIC UTILITY'S PARTICIPATION IN PROFITS ARISING FROM EFFICIENCY, TO REQUIRE THE PUBLIC SERVICE COMMISSION TO ESTABLISH PERFORMANCE INCENTIVES AND PENALTY MECHANISMS THAT DIRECTLY TIE AN ELECTRIC UTILITY'S REVENUES TO THAT UTILITY'S ACHIEVEMENT ON PERFORMANCE METRICS, TO PROVIDE FACTORS THAT THE PUBLIC SERVICE COMMISSION MUST CONSIDER IN THIS DETERMINATION, AND TO PROVIDE AN EXCEPTION FOR MEMBER-OWNED ELECTRIC COOPERATIVES.
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12/12/18Senate Prefiled
12/12/18Senate Referred to Committee on Judiciary
01/08/19Senate Introduced and read first time (Senate Journal-page 104)
01/08/19Senate Referred to Committee on Judiciary (Senate Journal-page 104)


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