Creates provisions relating to the regulation of public utilities

HB 3436 modifies Missouri's utility rate regulations to prioritize affordability for customers. It requires the Missouri Public Service Commission to set rates that are "just and reasonable" by ensuring the lowest possible cost to customers while still allowing utilities to provide safe, reliable service. The bill also mandates specific public hearing procedures, including local hearings near affected customers, 14-day mailed notices, and requiring the commission to include public testimony in its official record and explain how public input influenced its final rate decision. These changes directly affect utility customers, the commission, and utility companies during rate increase proceedings.