2024 24LSO-0230
STATE OF WYOMING Working Draft
0.2
DRAFT ONLY
NOT APPROVED FOR
INTRODUCTION
HOUSE BILL NO.
Low carbon energy rate recovery.
Sponsored by: Joint Corporations, Elections & Political Subdivisions Interim Committee
A BILL
for
1 AN ACT relating to public utilities; repealing a provision
2 authorizing a rate recovery mechanism to provide for the
3 recovery of incremental costs to comply with the reliable
4 and dispatchable low-carbon energy standard; specifying
5 applicability; and providing for an effective date.
6
7 Be It Enacted by the Legislature of the State of Wyoming:
8
9 Section 1. W.S. 37-18-102(c)(iii) is repealed.
10
11 ***********************************************************
12 *******************
13 STAFF COMMENT
1 [Bill Number]
 2024 STATE OF WYOMING 24LSO-0230
Working Draft
0.2
1 The language of the repealed paragraph is included below
2 for Committee discussion:
3
4 37-18-102. Energy generation portfolio standards;
5 reporting requirements; rate recovery and limitations.
6
7 (c) Subject to W.S. 37-3-117(a) and the limitation in
8 subsection (b) of this section, the commission shall
9 consider the following when establishing reasonable rates
10 for a public utility working toward and achieving the
11 electricity generation standards established under
12 subsection (a) of this section:
13
14 (iii) To the extent a public utility can
15 demonstrate that it will incur incremental costs to comply
16 with the reliable and dispatchable low-carbon energy
17 standard, the commission shall authorize the public utility
18 to implement a rate recovery mechanism that collects a
19 surcharge from customers not to exceed two percent (2%) of
20 each customer's total electric bill to provide for the
21 recovery of the prudently incurred incremental costs to
22 comply with the reliable and dispatchable low-carbon energy
23 standard. A rate recovery mechanism may be authorized and
24 established prior to the public utility incurring
25 incremental costs to comply with the reliable and
26 dispatchable low-carbon energy standard and the public
27 utility may retain funds collected through a mechanism in a
28 regulatory account approved by the commission to offset
29 future costs. To the extent the rate recovery mechanism is
30 insufficient to compensate the public utility for its
31 prudently incurred incremental costs to comply with the
32 reliable and dispatchable low-carbon energy standard, the
33 commission shall take such actions as necessary
34 notwithstanding any other provision of this section to
35 ensure the public utility is able to recover its prudently
36 incurred incremental costs and customers are not charged
37 for those incremental costs other than through the rate
38 recovery mechanism.
39
40 A section on applicability is included below. The Committee
41 may wish to specify alternative treatment of rate recovery
42 that was approved prior to the effective date of this act.
43 ***********************************************************
44 *******************
2 [Bill Number]
 2024 STATE OF WYOMING 24LSO-0230
Working Draft
0.2
1
2 Section 2. The provisions of this act shall not
3 affect any rate adjustments or orders of the public service
4 commission made in accordance with W.S. 37-18-102(c)(iii)
5 prior to the effective date of this act.
6
7 Section 3. This act is effective immediately upon
8 completion of all acts necessary for a bill to become law
9 as provided by Article 4, Section 8 of the Wyoming
10 Constitution.
11
12 (END)
3 [Bill Number]


Statutes affected:
24LSO-0230 v0.2: 37-18-102