2014 Kentucky Revised Statutes CHAPTER 278 - PUBLIC SERVICE COMMISSION 278.150 Payment of assessments -- Certification of deduction by commission -- Administration of funds collected.
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278.150 Payment of assessments -- Certification of deduction by commission
-- Administration of funds collected.
(1)
(2)
(3)
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.
2014-2016 Budget Reference. See State/Executive Branch Budget, 2014 Ky. Acts
ch. 117, Pt. I, E, 6, (2) at 638.
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