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--- version:Acts Chapter 1+++ version:(document, no version)@@ -1,25 +1,22 @@-CHAPTER 1-Legislative Research Commission PDF Version+SENATE-1-CHAPTER 1-( SB 172 )-AN ACT relating to utility fuel adjustment and declaring an emergency.-Be it enacted by the General Assembly of the Commonwealth of Kentucky:-Section 1. KRS 278.277 is amended to read as follows:-(1) In the administration of an electric utility's fuel adjustment clause and any associated tariffs, the-commission may, upon the request of an electric utility, extend the period for recovery of fue l adjustment-costs that are typically recoverable in order to reduce volatility for consumers and encourage stability in-rates.-(2) In any review by the commission of any fuel adjustment clause, for any contracts entered into on or after July-1, 2021, the commission shall, in determining the reasonableness of fuel costs in procurement contracts and-fuel procurement practices, evaluate the reasonableness of fuel costs in contracts and competing bids based on-the cost of the fuel less any coal severance tax imposed by any jurisdiction.-(3)[(2)] As used in this section, "fuel adjustment clause" means any clause or provision in any tariff or contract-by which an electric utility may immediately recover increases in fuel costs subject to later scrutiny or review-by the commission.-Section 2. Whereas it is critical that any measure to help control the volatility of electric utility rates be-enacted as soon as possible to give relief to the ratepayers of the Commonwealth, an emergency is declared to exist,-and this Act takes effect upon its passage and approval by the Governor or upon its otherwise becoming a law.-Section 3. This Act may be cited as the Fuel Surcharge Stability Act.-Signed by Governor February 19, 2026.+KENTUCKY GENERAL ASSEMBLY AMENDMENT FORM++2026 REGULAR SESSION++Amend printed copy of SB 172+TITLE AMENDMENT++Amendment No. TITLE Rep. Sen. Phillip Wheeler++Committee Amendment Signed:++Floor Amendment LRC Drafter:++Adopted: Date:++Rejected: Doc. ID: XXXX++Page 1 of 1+ Amend the title to read: "AN ACT relating to utility fuel adjustment and declaring an+emergency.".
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