Energy (Utility Regulation)

HB 3455 modifies how electrical utilities calculate rates by changing rules for including "construction work in progress" (CWIP) costs - like expenses for new power plants - into their rate base (the assets used to set utility rates). It allows utilities to include CWIP for new natural gas-generating units in rates, but requires commission approval based on project costs and timelines, with refunds if costs were wasted or projects stalled. The bill also sets a 2035 expiration date for these rules unless extended, and mandates utilities to use future-year data (starting July 2026) for rate calculations, requiring updated reporting after the test year ends. These changes directly affect electrical corporations and the Public Utility Commission’s oversight role.

HB 2169 restricts utility companies from using eminent domain to take land from other utility providers (like municipalities or cooperatives) unless the company seeks only a nonexclusive right-of-way that won’t disrupt existing services or future expansion. It specifically prevents condemnation for wind/solar energy facilities themselves but allows utilities to acquire rights for transmission lines connecting renewable energy sources to the grid. This bill directly affects utility companies, rural cooperatives, and other providers of public utility services seeking to expand infrastructure.