ANNOUNCEMENT 14 Jun 2017
The commission may extend special rate if it determines that, but for the special rate, the facility would not commence operations.
NUMBER OF INTERVENTIONS
On June 14, 2017 the governor of Missouri signed into law a bill (HB1) that gives the Public Service Commission (PSC) authority to approve certain special utility rates for an aluminum smelting facility or a steel works facility under certain circumstances. The PSC may approve a special rate, outside of a general rate proceeding, not based on the cost of service for electrical services provided to facilities, if the commission determines that but for the special rate the facility would not commence operations, that the special rate is in the best interest of the state, allocates reduced revenues uniformly to all components of the base rates for all customer classes, and approves a tracking mechanism designed to ensure that the net income of the electrical corporation neither increases or decreases between general rate proceedings.