Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 1022 creates a new process for electric utilities to recover costs associated with vegetation management. It establishes a vegetation management factor, allowing utilities to adjust rates to recover costs more efficiently while ensuring transparency through periodic reconciliations. The bill includes provisions for interim adjustments and allows for customer protests of rate changes, with procedural safeguards to prevent significant over- or under-collection of funds​.
Author (6)
Lois Kolkhorst
Carol Alvarado
Paul Bettencourt
Cesar Blanco
Mayes Middleton
Borris Miles