Lawmakers Lean Toward Repealing of New Utility Law - KAIT Jonesboro, AR - Region 8 News, weather, sports

Jefferson City, MO

Lawmakers Lean Toward Repealing of New Utility Law

JANUARY 11, 2006 - Posted at 3:31 p.m. CST

 

JEFFERSON CITY, MO - Some state lawmakers want to repeal a new law that could let natural gas companies raise rates when customers cut back on use.

It was part of a wide-ranging utility bill passed overwhelmingly last year and signed into law by Governor Blunt.

But criticism has grown over the provision, which lets natural gas companies raise rates when revenues fail to meet expectations because customers are conserving.

Republican state Senator John Griesheimer was a leading sponsor of the utility measure last year.  He says the provision has become political, and he will support its repeal.

Legislation doing just that has been filed by Democratic Senator Pat Dougherty.

(Copyright 2006 by The Associated Press.  All Rights Reserved.)

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