HB 535 KY

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Introduced

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.

• P. Flannery Republican · primary
• D. Lewis Republican · primary
• V. Grossl Republican · primary
• T. Hampton Republican · primary
• B. McCool Republican · primary
• S. Sharp Republican · primary
• T. Truett Republican · primary
• B. Wesley Republican · primary
• M. Whitaker Republican · primary
• R. White Republican · primary

1. Feb 2, 2026 introduced in House · lower
2. Feb 2, 2026 to Committee on Committees (H) · lower
3. Feb 9, 2026 to Natural Resources & Energy (H) · lower
4. Mar 5, 2026 reported favorably, 1st reading, to Calendar with Committee Substitute (1) · lower
5. Mar 6, 2026 2nd reading, to Rules · lower
6. Mar 10, 2026 posted for passage in the Regular Orders of the Day for Wednesday, March 11 2026 · lower
7. Mar 11, 2026 floor amendment (1) filed to Committee Substitute · lower
8. Mar 26, 2026 taken from the Orders of the Day · lower
9. Mar 26, 2026 returned to Rules · lower
10. Apr 15, 2026 recommitted to Appropriations & Revenue (H) · lower