HB 314 allows the Montana Public Service Commission (PSC) to initiate a “rate case” every three years. The bill does not require a rate case every three years, but it grants the PSC the option to do so.
Rate cases are important because they make sure the rates utility customer pay are not higher than necessary for the utility to recover its costs of providing its service.
This bill is necessary because there is uncertainty about whether the PSC has the authority to initiate rate cases. The bill would clarify the PSC’s authority.
HB 314 was heard in the House Federal Relations, Energy, and Telecommunications Committee on Feb. 4th; it awaits a vote in that committee.