The bill amends K.S.A. 2024 Supp. 66-101j to establish economic development electric rate discounts for new or expanded facilities of industrial or commercial customers that do not sell goods or services directly to the public. To qualify for these discounts, customers must have incentives from economic development agencies, meet specific service qualifications, and not receive discounts from other agreements. The bill outlines criteria for peak demand and load factors that must be met to receive the discounts, which can last up to ten years depending on the facility's qualifications.

Additionally, the bill specifies that starting July 1, 2025, any discounted rates must cover the incremental and variable costs to serve the customer. It also mandates that the commission provide biennial reports to the legislature on the impact of these discounts, including the number of entities receiving them and their economic effects. The existing section of K.S.A. 2024 Supp. 66-101j is repealed, and the new provisions will take effect upon publication in the statute book.

Statutes affected:
As introduced: 66-101j