The bill amends the authority of the Arkansas Public Service Commission (PSC) regarding interstate rates, charges, classifications, and other actions. Specifically, it updates the maximum amount that can be directly recovered from an affected utility for the fees and expenses of contract attorneys and consultants. The current law allows for a recovery limit of three million dollars annually, which is being increased to five million dollars per calendar year.

This change is particularly relevant for electric public utilities owned by public utility holding companies, as defined by the Energy Policy Act of 2005. The amendment aims to provide the PSC with greater financial resources to effectively manage and oversee the utilities under its jurisdiction, thereby enhancing its regulatory capabilities.

Statutes affected:
SB 576: 23-4-102(c)
Act 560: 23-4-102(c)