This bill amends the jurisdiction of the state corporation commission over electric public utilities by exempting any electric public utility that is a not-for-profit wholly owned subsidiary of an electric cooperative public utility from the commission's oversight. The bill establishes that while these subsidiary utilities are generally exempt, customers can petition the commission to investigate their rates if they believe those rates are unjust or unreasonable. If the commission finds the rates to be problematic, it has the authority to order new rates. Additionally, the bill mandates that customers must be notified of meetings regarding rate changes and have access to those meetings.

Furthermore, the bill outlines specific requirements for these exempt utilities, including maintaining a schedule of rates available to the public and prohibiting certain financial actions, such as issuing dividends or stock repurchases, without commission approval. It also clarifies that the commission retains authority over various aspects of the utility's operations, such as service territory and public convenience certificates, ensuring that the exemption does not completely remove regulatory oversight. The act will take effect upon publication in the Kansas register.