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HB 535KENTUCKYSession 2026RSState Billdead

Did Not Advance

Kentucky HB 535 allows investor-owned electric utilities to securitize extra-state plant and retired generation costs

Original title: AN ACT relating to investor-owned electric utilities and declaring an emergency.

Last action · April 15, 2026: recommitted to Appropriations & Revenue (H)Sponsors: Patrick Flannery and 9 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Proposed

Official description

AN ACT relating to investor-owned electric utilities and declaring an emergency.

Background

The General Assembly is the legislative body of the Commonwealth of Kentucky responsible for enacting state laws and utility regulations. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Electric utility customers

Directly affected

Investor-owned electric utilities

Utilities are granted the ability to issue securitized bonds for retired generation and extra-state plant costs under an irrevocable financing order.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is a securitized surcharge on my utility bill?

It is a monthly fee added to all retail customer bills to repay, finance, or refinance securitized costs and financing costs authorized by a commission financing order.

Can utilities raise base rates while pursuing this securitization?

No. Utilities applying for a financing order for retired generation or extra-state plant must agree not to seek an increase in base rates effective within two years of filing the application.

What else do you want to know?

News Coverage

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Votes, people, money & the original source

Where This Stands

This bill did not become law - Died at adjournment · in House committee.

Procedural history

8 actions

Apr 15, 2026HouseCommittee
recommitted to Appropriations & Revenue (H)
Mar 26, 2026House
taken from the Orders of the Day returned to Rules
Mar 11, 2026House
floor amendment (1) filed to Committee Substitute
Mar 10, 2026House
posted for passage in the Regular Orders of the Day for Wednesday, March 11 2026
Mar 6, 2026HouseFloor
2nd reading, to Rules
Mar 5, 2026House
reported favorably, 1st reading, to Calendar with Committee Substitute (1)

Show 2 earlier actions

Feb 9, 2026HouseCommittee
to Natural Resources & Energy (H)
Feb 2, 2026HouseIntroduced
introduced in House to Committee on Committees (H)

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Related Legislation

State Bill