HB535
Log in to followAN ACT relating to investor-owned electric utilities and declaring an emergency.
Amend KRS 278.670 to define "environmental control" and "underpreciated extra-state generation utility plant balances," amend various definitions, and make technical changes; amend KRS 278.672 to remove the deadline date for calculating the value of the regulatory asset associated with the undepreciated extra-state generation utility plant balances, deferred storm costs, and other regulatory assets approved by the Public Service Commission (PSC) remove the dollar amount thresholds for qualifying for a financing order; remove the submittals associated…
Introduced: February 2, 2026
Last action: April 15, 2026
Plain-language summary
This bill updates Kentucky's rules for how investor-owned electric utilities can use a financial tool called securitization, which allows utilities to recover certain costs by issuing bonds repaid through customer charges. It changes who qualifies, removes some existing deadlines and dollar thresholds, adds new requirements such as utilities obtaining in-state power generation and freezing base rates for two years, and adjusts the role of the Public Service Commission in overseeing how those bonds are structured…
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