Summary of Original Version

Amend KRS 278.264 to provide that the Public Service Commission maintains its authority to approve a utility's right to record and seek, prior to retirement authorization, the recovery of any electric generating unit's decommissioning, removal and salvage costs, and depreciation expenses through rates over the unit's estimated depreciable life.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions; provide that Public Service Commission approval of an electric generating unit's decommissioning and related costs shall not be considered approval or support for its retirement.

Statutes affected:
Introduced: 278.264
Senate Committee Substitute 1: 278.264
Current: 278.264