Substitute for HB 2435 by Committee on Energy, Utilities and Telecommunications - Authorizing natural gas public utilities to recover certain growth-related investments in the gas system reliability surcharge, increasing the cap on the amount that the monthly fixed charge may be increased for residential customers and reducing the time for the state corporation commission to act on gas system reliability surcharge filings.

This bill allows natural gas companies to recover costs for certain investments in infrastructure and equipment through a Gas System Reliability Surcharge (GSRS). It also increases the maximum amount a monthly fixed charge can be raised each year and requires the State Corporation Commission to make a decision on GSRS petitions within 90 days. These changes affect natural gas utilities and their customers by potentially altering monthly bills and the process for approving such charges.

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