Gov. Mike Kehoe has indicated support for SB 4, but CCM has sent a letter requesting a veto. It is important that Gov. Kehoe knows the bill has opposition, so we hope that you will let him know that you object to the bill by using THIS CONTACT FORM on the governor’s website. The biggest dangers to consumers in the bill are:
- Construction Work in Progress (CWIP). In 1976, Missouri voters banned paying for utility plants while they are being constructed. This overturns that statute.
- Future Test Year (FTY). Presently, real expenses that have been audited are used to set rates. FTY would use projected budgets instead.
- An expansion of Plant in Service Accounting (PISA). This allows rates to go up based on retroactive accounting that selectively increases rates, rather than a comprehensive look at the total cost of producing electricity.
CCM has projected that SB 4 will cost monopoly utility customers at least $1,115 more per year. This estimate was produced by looking at the impact of similar policies on other states.
