2011 Kentucky Revised Statutes CHAPTER 278 PUBLIC SERVICE COMMISSION 278.150 Payment of assessments -- Certification of deduction by commission -- Administration of funds collected.
KY Rev Stat § 278.150 (1996 through Reg Sess) What's This?
278.150 Payment of assessments -- Certification of deduction by commission -Administration of funds collected.
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The commission shall, on or before June 1, certify to the Department of Revenue
and the Finance and Administration Cabinet the amount of intrastate business of
each utility in the state subject to its jurisdiction during the previous calendar year.
The commission shall, when certifying the intrastate sales of retail electric
suppliers, deduct from such sales one-half (1/2) of the applicable wholesale power
costs, provided the utility from which such wholesale power purchases were made
pays assessment on the full wholesale value of its gross intrastate sales in Kentucky.
When certifying the intrastate sales of retail electric suppliers not subject to the
jurisdiction of the commission for rates, the commission shall deduct one-half (1/2)
of their actual intrastate sales. All utilities classified as retail electric suppliers shall
pay assessments based on the amount of intrastate sales less deductions as certified
by the commission.
The Finance and Administration Cabinet shall, on or before June 10, establish the
assessment rate and give written notification thereof to the Department of Revenue
and the commission. The Department of Revenue shall collect and pay the
assessment into the State Treasury to the credit of the general expenditure fund. All
such assessments shall be paid into the State Treasury through the Department of
Revenue on or before July 31 of the year in which the assessments are made.
If any amount in the special fund for the maintenance of the commission remains
unexpended at the end of any fiscal year, that amount shall not lapse, but shall
remain credited to the account of the commission and may be used during any
succeeding year.
Effective: June 20, 2005
History: Amended 2005 Ky. Acts ch. 85, sec. 672, effective June 20, 2005. -- Amended
1982 Ky. Acts ch. 82, sec. 19, effective July 15, 1982; and ch. 197, sec. 1, effective
July 15, 1982. -- Amended 1978 Ky. Acts ch. 233, sec. 25, effective June 17, 1978;
and ch. 379, sec. 21, effective April 1, 1979. -- Amended 1974 Ky. Acts ch. 74, Art.
II, sec. 9(1). -- Amended 1972 Ky. Acts ch. 47, sec. 5. -- Recodified 1942 Ky. Acts
ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3952-53, 3952-56,
3952-57.
2010-2012 Budget Reference. See State/Executive Branch Budget, 2010 (1st Extra.
Sess.) StateKy. Acts ch. 1, Pt. I, E, 7, (2) at 30.
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