Kentucky House Bill 465 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 6 2021 - 100% progression
Action: 2021-04-06 - signed by Governor (Acts Ch. 191)
Text: Latest bill text (Engrossed) [PDF]

Create a new section of KRS Chapter 278 to define "asset acquisition price," "accumulated depreciation," "net original cost," and "water or sewer system"; establish the criteria by which the Public Service Commission determines for ratemaking purposes the value of an asset acquired by a utility that is used to provide water or sewer service; allow a utility that has entered into an agreement to acquire water or sewer utility assets to apply to the Public Service Commission for an order declaring the value of the acquired assets for ratemaking purposes; allow the acquiring utility to seek an order declaring the value of the acquired water or sewer utility assets as part of its first application for a change in base rates following the acquisition of the assets; require the acquiring utility to provide notice of its application for a declaratory order to the local governing bodies where the water or sewer system to be acquired is located or where it provides service and to the customers of the acquired systems if required by the governing documents of the acquired systems; require the acquiring utility to post on its Web site additional information to educate and inform the public and all affected customers of the acquisition; provide that the Public Service Commission consider intervention requests made under the section in accordance with the commission's administrative regulations addressing intervention generally; allow the acquiring utility as part of any application for a change in base rates following the acquisition of water or sewer utility assets to propose to unify the rate structure of the acquired system with its remaining customer base.

AN ACT relating to the acquisition by utilities of assets used to provide water or sewer utility service.

Rep. Adam Koenig [R]

2021-03-29 - Senate - Senate: Third Reading RSN# 1808 (Y: 30 N: 3 NV: 0 Abs: 5) [PASS]
2021-03-29 - Senate - Senate: Adopt SFA 2 RSN# 1807 (Y: 10 N: 26 NV: 0 Abs: 2) [FAIL]
2021-03-11 - House - House: Third Reading RCS# 260 (Y: 86 N: 3 NV: 0 Abs: 11) [PASS]

Date	Chamber	Action
2021-04-06	House	signed by Governor (Acts Ch. 191)
2021-03-29	House	delivered to Governor
2021-03-29	House	enrolled, signed by President of the Senate
2021-03-29	House	enrolled, signed by Speaker of the House
2021-03-29	House	received in House
2021-03-29	Senate	Bill passed 30-3
2021-03-29	Senate	floor amendment (1) withdrawn
2021-03-29	Senate	floor amendment (2) defeated
2021-03-29	Senate	3rd reading
2021-03-29	Senate	posted for passage in the Regular Orders of the Day
2021-03-16	Senate	floor amendments (1) and (2) filed
2021-03-16	Senate	reported favorably, 2nd reading, to Rules
2021-03-15	Senate	returned to Natural Resources & Energy (S)
2021-03-15	Senate	1st reading
2021-03-15	Senate	taken from Natural Resources & Energy (S)
2021-03-15	Senate	to Natural Resources & Energy (S)
2021-03-12	Senate	to Committee on Committees (S)
2021-03-12	Senate	received in Senate
2021-03-11	House	3rd reading, passed 86-3 with Committee Substitute
2021-03-11	House	placed in the Orders of the Day
2021-03-11	House	taken from Rules (H)
2021-03-05	House	2nd reading, to Rules
2021-03-04	House	reported favorably, 1st reading, to Calendar with Committee Substitute
2021-03-02	House	posted in committee
2021-02-24	House	to Natural Resources & Energy (H)
2021-02-10	House	to Committee on Committees (H)
2021-02-10	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/21RS/hb465.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/21RS/hb465/orig_bill.pdf
Text	https://apps.legislature.ky.gov/recorddocuments/bill/21RS/hb465/bill.pdf
Roll Call	https://apps.legislature.ky.gov/record/21RS/hb465/vote_history.pdf