Kentucky
General Assembly

02/10/21	introduced in House to Committee on Committees (H)
02/24/21	to Natural Resources & Energy (H)
03/02/21	posted in committee
03/04/21	reported favorably, 1st reading, to Calendar with Committee Substitute
03/05/21	2nd reading, to Rules
03/11/21	taken from Rules (H) placed in the Orders of the Day 3rd reading, passed 86-3 with Committee Substitute
03/12/21	received in Senate to Committee on Committees (S)
03/15/21	to Natural Resources & Energy (S) taken from Natural Resources & Energy (S) 1st reading returned to Natural Resources & Energy (S)
03/16/21	reported favorably, 2nd reading, to Rules floor amendments (1) and (2) filed
03/29/21	posted for passage in the Regular Orders of the Day 3rd reading floor amendment (2) defeated floor amendment (1) withdrawn Bill passed 30-3 received in House enrolled, signed by Speaker of the House enrolled, signed by President of the Senate delivered to Governor
04/06/21	signed by Governor (Acts Ch. 191)

Amendment	House Committee Substitute 1
Summary	Retain original provisions; change the reference to the findings and goals of the General Assembly in KRS 224A.300(1); require the Public Service Commission to fix the value for ratemaking purposes of an asset acquired by a utility that is used to provide water or sewer service at an amount between its net original cost and its asset acquisition price if certain criteria are met; require as part of the criteria to fix the value of the acquired asset that the acquisition will result in operational economies; establish as part of the criteria that the purchase price of the utility and non-utility assets be separated if practical; establish the means of notification of the acquiring utility's application for a declaratory order to affected parties; require the acquiring utility to provide notice of its application for a declaratory order to wholesale customers or suppliers of the acquired water or sewer system by priority mail; require the acquiring utility, and the water or sewer system to be acquired to post on its Web sites or social media additional information to educate and inform the public and all affected customers of the acquisition, if such Web sites or social media exist; require the Public Service Commission when reviewing an acquiring utility's proposed change in base rates to consider whether it is reasonable to require the acquiring utility to maintain separate rate schedules for the customers of the acquired system and for the other customers.
Index Headings	Public Utilities - Acquired water and sewer utility assets, valuation criteria and acquisition notice Sewer Systems - Acquired water and sewer utility assets, valuation criteria and acquisition notice State Agencies - Public Service Commission, acquired water and sewer utility assets, valuation criteria Water Supply - Acquired water and sewer utility assets, valuation criteria and acquisition notice

Amendment	Senate Floor Amendment 1
Sponsor	A. Southworth
Summary	Delete the materiality requirement as part of the criteria for water or sewer utility asset valuation that there be no adverse impact on the acquiring utility's existing and new customers; require as part of the valuation criteria that the acquisition of the water or sewer service assets be approved by at least two-thirds of the governing body of the water or sewer system whose assets are being acquired.
Index Headings	Public Utilities - Water or sewer system asset acquisition, valuation criteria, 2/3 approval of governing body Sewer Systems - Water or sewer system asset acquisition, valuation criteria, 2/3 approval of governing body Water Supply - Water or sewer system asset acquisition, valuation criteria, 2/3 approval of governing body

Amendment	Senate Floor Amendment 2
Sponsor	A. Southworth
Summary	Delete the materiality requirement as part of the criteria for water or sewer utility asset valuation that there be no adverse impact on the acquiring utility's existing and new customers; require as part of the valuation criteria that the acquisition of the water or sewer service assets be approved, after public notice to customers and an opportunity for public hearing, by at least two-thirds of the governing body of the water or sewer system whose assets are being acquired.
Index Headings	Public Utilities - Water or sewer system asset acquisition, valuation criteria, 2/3 approval of governing body Sewer Systems - Water or sewer system asset acquisition, valuation criteria, 2/3 approval of governing body Water Supply - Water or sewer system asset acquisition, valuation criteria, 2/3 approval of governing body