Repeals and creates new provisions relating to discounts by electrical corporations

SCS/SB 1396 - The act repeals certain provisions and creates new provisions relating to discounts by electrical corporations.

The act repeals a provision relating to discount percentages and provides that when a new load is less than 75 megawatts, the discount percentage shall equal 35% and shall apply for five years, as described in the act.

The act repeals a provision relating to the variable cost to serve new load for purposes of a discount.

An applicant shall not be eligible for a discount for any new or expanded facility that is determined by an electrical corporation to be a nonqualifying facility, as defined in the act.

The act repeals a provision relating to the cents-per-kilowatt-hour realization and a provision relating to an application for a discounted rate.

The act is similar to HCS/HB 2248 (2026). JULIA SHEVELEVA