In the House, a major amendment to controversial Duke Energy rate-making bill hands the hot potato

[TexasTowelie]

In the House, a major amendment to controversial Duke Energy rate-making bill hands the hot potato back to the Senate


A key provision in Senate Bill 559 was upended in the House Tuesday afternoon, which made the measure more palatable to opponents but added uncertainty to it future.

Colloquially known as the Duke Energy rate-making bill, it contained a controversial section that allowed the utilities commission to approve multi-year rate plans. Utilities could then avoid requesting rate hikes more often. While bill proponents in the legislature said it would add certainty to rate-making, there’s no guarantee that rates would decrease. If they increased, customers could be locked into higher bills for several years.

The amendment now require the Utilities Commission to study multi-year rate making and other methods. “Not a lot of people want this bill outside of Duke Energy,” said Rep. Larry Strickland, a Republican representing Harnett and Johnston counties. “We need a lot more discussion. This impacts small businesses, industry and families.”

The study would be due no later than March 1, 2020.

The amendment passed 63-51, which teed up the near-unanimous approval of the bill. After a 112-2 vote, the measure now returns to the Senate.

Read more: http://pulse.ncpolicywatch.org/2019/08/21/in-the-house-a-major-amendment-to-controversial-duke-energy-rate-making-bill-hands-the-hot-potato-back-to-the-senate/