Kansas opts for bonding to help consumers with energy price shocks

 

What Oklahoma leaders proposed in softening the blow of exorbitant February natural gas prices to consumers has become law in Kansas.

Gov. Laura Kelly signed legislation that not only extended consumers’ payments of the winter storm costs but also offered financial incentive for utility companies transitioning from coal plants to newer solar or wind sources of electricity reported the Kansas Reflector.

The law’s most immediate result would be issuance by public utilities such as Kansas Gas Service of ratepayer-backed bonds so customers had years instead of months to pay extraordinary utility bills.

Click here for the Kansas Reflector story.