OLR Bill Analysis

sHB 6427 (as amended by House "A")*

AN ACT CONCERNING THE STATUTORY TIME LIMIT TO COMPLETE A MULTIYEAR RATE APPLICATION.

SUMMARY:

This bill extends, by 60 days, the deadline for the Department of Public Utility Control (DPUC) to issue a final decision in multiyear utility rate cases (e. g. , a case where a company proposes to increase rates in two consecutive years). The extension applies to cases initiated on or after the bill's passage. Under current law, DPUC must issue its final decision in all rate cases within 150 days from the date the application is filed and can extend this deadline by 30 days if it notifies all of the parties and intervenors in the case. The bill allows DPUC to take up to 60 additional days beyond the 30-day period in multiyear rate cases.

*House Amendment “A” specifies that the bill applies to cases initiated on or after its passage.

EFFECTIVE DATE: Upon passage

COMMITTEE ACTION

Energy and Technology Committee

Joint Favorable Substitute