Bill Commons

KY HB 535

introduced

AN ACT relating to investor-owned electric utilities and declaring an emergency.

Kentucky · 2026 Regular Session · lower

Description

Amend KRS 278.670 to define "environmental control" and "underpreciated extra-state generation utility plant balances," amend various definitions, and make technical changes; amend KRS 278.672 to remove the deadline date for calculating the value of the regulatory asset associated with the undepreciated extra-state generation utility plant balances, deferred storm costs, and other regulatory assets approved by the Public Service Commission (PSC) remove the dollar amount thresholds for qualifying for a financing order; remove the submittals associated with securitization of deferred costs for retried electric generation greater than 50%; add additional submittals for an application for a financing order; add requirement for a utility to acquire in-state dispatchable generation and agree to a freeze on base rates for a period of 2 years; define "dispatchable"; amend KRS 278.674 to prohibit the PSC from requiring securitized bonds to be marketed as a specific type of security or that an assignee be formed as a specific type of entity; provide a price cap for costs associated with retaining counsel, advisors, or other consultants; remove PSC authority to address how the securities are marketed; add a template issuance advice letter to be included in the financing order; direct that the PSC must approve sales or transfer of assets including extra-state generation facilities even if the balances are securitized; amend KRS 278.678 to make technical changes; amend KRS 278.682 to remove the requirement that the securitized surcharge be listed as a separate item on the customer bill; EMERGENCY.

Introduced
2026-02-02
Status date
—
Latest action
2026-04-15 — recommitted to Appropriations & Revenue (H)
Bill type
bill
Last updated
—

Subjects

Sponsors

  • R. Whiteprimary
  • M. Whitakerprimary
  • B. Wesleyprimary
  • T. Truettprimary
  • S. Sharpprimary
  • B. McCoolprimary
  • T. Hamptonprimary
  • V. Grosslprimary
  • D. Lewisprimary
  • P. Flanneryprimary

Committees

Not provided by source.

Action timeline

  1. 2026-02-02

    introduced in House

    introduction

  2. 2026-02-02

    to Committee on Committees (H)

    referral-committee

  3. 2026-02-09

    to Natural Resources & Energy (H)

    referral-committee

  4. 2026-03-05

    reported favorably, 1st reading, to Calendar with Committee Substitute (1)

    committee-passage

  5. 2026-03-06

    2nd reading, to Rules

    reading-2

  6. 2026-03-10

    posted for passage in the Regular Orders of the Day for Wednesday, March 11 2026

  7. 2026-03-11

    floor amendment (1) filed to Committee Substitute

    amendment-introduction

  8. 2026-03-26

    taken from the Orders of the Day

  9. 2026-03-26

    returned to Rules

  10. 2026-04-15

    recommitted to Appropriations & Revenue (H)

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

https://apps.legislature.ky.gov/record/26RS/hb535.html

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:22:24.357326Z

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