The Arkansas House of Representatives approved Senate Bill 307, known as the “Generating Arkansas Jobs Act,” which allows power companies to make capital investments without state regulator approval and pass on the costs to customers through higher rates. The bill has bipartisan support but remains controversial, with critics arguing it benefits power companies at the expense of consumers who are already struggling to pay their energy bills.
The bill removes limits on rate increases for electric co-ops and allows utilities to charge customers even if their investments do not benefit them. Supporters say the bill is necessary to increase electrical generation capacity in Arkansas due to planned power plant closures and Environmental Protection Agency regulations.
State regulators have expressed concerns about the bill, with emails showing unease about the potential impacts on customers. Despite public opposition and concerns raised by utility customers, the bill passed through the legislative process and is now headed to Governor Sarah Sanders for approval.
The House vote was 77-13, with nine members voting present, demonstrating strong support for the bill. Critics continue to express concerns about the impact on consumers and the power dynamics between utility companies and state regulators. The bill’s passage marks a significant change in the state’s energy regulation laws and has sparked debate among lawmakers and the public.
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