The bill amends W.S. 37-2-121 to establish a framework for public utilities regarding the recovery of electric supply costs between rate cases. It introduces a cost-tracking mechanism that allows public utilities to recover changes in electric supply costs, stipulating that customers will be responsible for a maximum of seventy percent (70%) of any cost increases, while the public utility will bear at least thirty percent (30%) of those increases. This aims to ensure a fair distribution of cost responsibilities between customers and utilities.

Additionally, the bill maintains the commission's authority to determine just and reasonable rates, allowing for innovative and nontraditional rate-making methods. The effective date for this act is set for July 1, 2024.

Statutes affected:
24LSO-0274 v0.3: 37-2-121