This 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. The bill outlines eligibility criteria for customers to receive these discounts, including having incentives from economic development agencies, qualifying for non-residential service, and not receiving discounts from other agreements. The discounts are designed to cover the incremental and variable costs of serving these customers and are structured to last for up to ten years, depending on the facility's peak demand and load factor.

Additionally, the bill specifies that the average annual discount percentages for qualifying facilities will not exceed certain thresholds, with provisions for tracking revenue impacts and reporting to the legislature. It also includes a provision that prohibits the implementation of new discounted rates after July 1, 2025, unless they cover the necessary costs to serve the customer. The existing section of K.S.A. 2024 Supp. 66-101j is repealed, and the bill will take effect upon publication in the statute book.

Statutes affected:
As introduced: 66-101j