AN ACT relating to the retirement of fossil fuel-fired electric generating units.

Amend KRS 278.264 to prohibit the Public Service Commission from authorizing any decommissioning surcharge or recovery of any retirement or stranded asset costs through rates for a utility that has received approval from the commission to retire a fossil fuel-fired electric generating unit in which the utility has any undepreciated investment.

Introduced: February 13, 2025

Last action: February 28, 2025

2nd Reading, To Rules

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This bill would change state law to block electric utilities from charging customers a special fee to recover costs when they retire a fossil fuel-powered plant that still has unrecovered investment value. Currently, utilities may seek approval to add such charges to customer bills; this bill would prohibit the state's Public Service Commission from allowing those charges. Who it may affect: Kentucky households and businesses that receive electric utility service.

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