Modifies provisions relating to gas corporations
This bill modifies rules for gas corporations to offer financial discounts to large customers who significantly increase their gas usage. To qualify for these incentives, new customers must project an annual load of at least 270,000 ccf, while existing customers must add at least 135,000 ccf annually, provided the increase is not offset by shutting down other accounts. Eligible customers must receive an economic development incentive from a government agency and sign a written agreement at least 90 days before the new usage begins. The discount, which can be up to 25 percent, applies to variable base-rate components for up to four years, but the commission may reduce it if the discounted rate fails to cover the company's variable costs or contribute to fixed costs. Additionally, the revenue lost from offering these discounts will not be added to the gas company's total revenue requirement; instead, the financial impact will be spread across all customer classes through a uniform adjustment.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2023
Committee Review
Floor Vote
Governor
Introduced Dec 20, 2023
Last action May 17, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
May 17, 2024
Committee
Referred: General Laws(H)
lower
Dec 20, 2023
Introduced
Prefiled (H)
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ben Keathley
RRepublican
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