This bill amends current public utility regulations in Wyoming by repealing a specific provision that allowed public utilities to implement a rate recovery mechanism for incremental costs associated with complying with the reliable and dispatchable low-carbon energy standard. The deleted language specified that if a public utility could demonstrate it would incur such costs, the commission was required to authorize a surcharge of up to 2% on customers' electric bills to recover these costs. The repeal of this provision effectively removes the ability for utilities to recover these incremental costs through customer surcharges.
Additionally, the bill clarifies that any rate adjustments or orders made by the public service commission under the now-repealed provision prior to the bill's effective date will not be affected. The act is set to take effect immediately upon completion of the necessary legislative processes as outlined in the Wyoming Constitution.
Statutes affected: 24LSO-0230 v0.2: 37-18-102