Transcript Highlights:

• They do not only condemnation and acquisition; they do the title work for these projects they're assigned
• They do not only condemnation and acquisition; they do the title work for these projects they're assigned

Keywords: 958, all

Summary: The committee first approved the October 13 minutes and then moved through a large agenda of contracts and agreements, including a deferred list from the September 2025 agenda. Members questioned several agencies about the purpose, cost, and duration of the items before them, with repeated motions to consider the contracts reviewed without objection passing by roll call. The Office of Energy Policy and Energy and Environment Cabinet presented a solar-and-battery program. Members asked about panel and battery lifespan, warranty coverage, who would pay for replacement or disposal, and whether the program made sense in Kentucky. The agency said panels and batteries generally last 25 to 30 years, warranties would cover replacement during the warranty period, EPA guidance would govern disposal, and federal funds would cover program expenses. Officials estimated the program could reduce participating homeowners’ utility bills by about 70%, with a minimum required savings of 20%. The Department for Community Based Services explained a new vendor contract for SSI initial and redetermination work for children in out-of-home care, saying the work is federally required, the department lacks in-house capacity, and the contract replaced a prior vendor after an RFP protest and rebid. The Department of Highways described umbrella traffic engineering contracts for smaller highway safety projects, noting they are used for spot improvements and are nearing full utilization. The Kentucky Historical Society said its contract funded a temporary exhibit tied to 250th anniversary programming, and the Board of Medical Licensure discussed an amended audit contract, explaining that annual audits were adopted after an auditor’s recommendation and that the board is funded by state allocation plus fees and fines. The Department for Natural Resources/Abandoned Mine Lands gave the most extensive presentation, describing a $5 million engineering services contract as part of a much larger workload increase driven by Bipartisan Infrastructure Law funding, with projects prioritized by citizen complaints and safety impacts; the agency said the contract supports design and oversight for community-scale mine reclamation projects that exceed in-house capacity.

Transcript Highlights:

• <01:18:13.280> amendment So the language in the amendment So the language in the amendment
• <01:20:36.080> is on the short concise language is on the short concise language is appreciated
• language, ordinary residential signage. language, ordinary residential signage.
• <02:48:21.120> Thank public hearing language again. Thank public hearing language again.
• The clerk will call the roll. language, then there is something wrong language, then there is something

Keywords: 1189, house, all

Transcript Highlights:

• So, part of what we have been working on with language that addressed the language back home in Broward
• Don't talk about a grade; your language says lowest performing schools.
• Because the language is, it seems very limiting the way it is written.
• I understand the twang; I am from Georgia, I am speaking your language.
• this new language? Representative Rizo. Thank you, Mister Speaker.

Bills: SB 5, SJR 3, HB 11, HJR 72, HB 48, HB 27, HB 144, HB 37, HB 1481, HB 581, HB 1696, HB 2216, HB 1035, HB 1633, HB 742, HB 754, HB 1689, HB 1690, HB 2669, HB 391, HB 517, HB 1775, HB 1024, HB 1607, HB 252, HB 1716, HB 1562, HB 4116, HB 1866, HB 1741, HB 2103, HB 2637, HB 2884, HB 3707, HB 503, HB 1089, HB 1757, HB 2986, HB 972, SB 365, SB 1786, SB 5, SJR 3, HB 14, HB 43, HB 36, HB 26, HB 149, HB 121, HB 206, HB 136, HB 3114, HB 2733, HB 1732, HB 3700, HB 467, HB 1130, HB 1846, HB 1442, HB 1147, HB 2176, HB 2701, HB 805, HB 2890, HB 1154, HB 1644, HB 2118, HB 1718, HB 2488, HB 2596, HB 2468, HB 484, HB 2578, HB 3204, HB 1041, HB 307, HB 685, HB 538, HB 2525, HB 3125, HB 2027, HB 2894, HB 3077, HB 106, HB 18, HB 11, HJR 72, HB 48, HB 27, HB 144, HB 37, HB 1481, HB 581, HB 1696, HB 2216, HB 1035, HB 1633, HB 742, HB 754, HB 1689, HB 1690, HB 2669, HB 391, HB 517, HB 1775, HB 1024, HB 1607, HB 252, HB 1716, HB 1562, HB 4116, HB 1866, HB 1741, HB 2103, HB 2637, HB 2884, HB 3707, HB 503, HB 1089, HB 1757, HB 2986, HB 972

Keywords: dementia, research institute, Alzheimer's disease, Parkinson's disease, funding, grants, state health initiatives, research funding, state budget, prevention, healthcare, medical research, Dementia Prevention and Research Institute, licensing, reciprocity, regulation, Texas Department of Licensing and Regulation, interstate agreements, tax exemption, intellectual disability

Transcript Highlights:

• a technology leader at General Mills, where I currently lead IT diligence for our mergers and acquisitions
• a technology leader at General Mills, where I currently lead IT diligence for our mergers and acquisitions
• described the university’s work with American Indian students, including having the oldest Ojibwe language
• In this language, I am known as Anita Hansen. White Earth is where I am from.

Keywords: 1187, senate, all

Transcript Highlights:

• agricultural impact statements prior to city annexations, urban growth area expansions, and public land acquisition

Summary: The House Agriculture and Natural Resources Committee held a work session on food systems and food security, with no public testimony. The first panel focused on household food security and data. Marie Spiker of the University of Washington explained what food insecurity means, its health impacts, and the importance of reliable measurement, warning that the federal Census food security data is being terminated and that there is no true replacement. She described Washington’s WaFOOD surveys as a useful complement, not a substitute, and noted that they show food insecurity affects households at a range of income levels. Katie Raines of WSDA described the state’s food systems work, the need for shared data and dashboards, and the role of agriculture in both food production and the hunger safety net. Committee members asked about the $2.2 million state food assistance allocation, the scale of the SNAP gap, and how household size, housing costs, and other factors intersect with food insecurity. The committee then heard from Tracy Roof of the University of Richmond on the history of SNAP and its relationship to agriculture. She traced the program from Depression-era commodity distribution through the modern farm bill, emphasizing that food assistance has long functioned both as anti-hunger policy and as an agricultural and economic stabilizer. She highlighted how SNAP expands during recessions, supports retailers and farmers, and has become more important since the Great Recession because participation stayed high even as the economy recovered. Roof also noted that Washington has relatively high SNAP participation and low payment error rates, but that recent federal changes could reduce eligibility and shift more costs to states. Members asked how Washington compares to other states and why the program is structured as it is. A later panel featured the Washington State Food Policy Forum and a joint systems presentation from the Washington Farm Bureau, Washington Retail Association, and Washington Food Industry Association. The Food Policy Forum described its consensus-based recommendations on food insecurity, climate and water, regional food infrastructure, farmland protection, and farm viability, including more support for producer purchasing, water planning, and farmland conservation. The industry groups presented a systems map showing how agriculture, processing, retail, and transportation are interconnected, and argued that rising costs, regulations, labor and fuel expenses, retail theft, and thin margins make it harder to keep farms and stores viable. They said food security depends on store viability and local agricultural profitability, and promised to provide a more detailed list of policy recommendations. The final panel included state agency staff from DSHS, DOH, and WSDA. Bryce Montgomery said the Basic Food program serves about 920,000 Washingtonians monthly and warned that H.R. 1 could require Washington to pay up to 15% of SNAP benefits, broaden work requirements, and restrict immigrant eligibility. Karen Mullen described DOH nutrition programs, including WIC, farmers market nutrition benefits, fruit and vegetable incentives, and a fruit-and-vegetable prescription program, while noting funding instability and the end of SNAP-Ed. WSDA’s Katie Raines began describing ongoing food assistance and farmer support challenges, including farmer mental health and the need to address food insecurity across both producers and consumers.

Transcript Highlights:

• , for instance, has since the 1970s been supposed to provide a report every year on their land acquisitions

Keywords: 1187, senate, all

Transcript Highlights:

• the Committee on Insurance, SB 1239. by Middleton relating to the choice of law and assignment or acquisition

Bills: HB630, HB420, HB767, HB1708, HB2842, HB1404, HB2457, HB140, HB333, HB227, HB913, HB201, HB2198, HB 109, HB2763, HB519, HB 1261, HB 1135, HB1318, HB2358, HB2415, HB2765, HB2735, HB3307, HB1373, HB694, HB 1242, HB272, HB1437, HB1888, HCR78, HCR12, HCR128, HR7, HR11, HR37, HR69, HR83, HR89, HR100, HR123, HR129, HR137, HR254, HR258, HR289, HR293, HR318, HR324, HR350, HR368, HR370, HR372, HR379, HR406, HR407, HR432, HR445, HR471, HR504, HR506, HR507, HR528, HR567, HR572, HR591, HR592, HR593, HR603, HR614, HR621, HR673, HR684, HR685, HR687, HR700, HR701, HR711, HR712, HR754, HR757, HR758, HR760, HR764, HR765, HR766, HR767, HR768, HR769, HR770, HR771, HR772, HR774, HR776, HR777, HR778, HR779, HR780, HR783, HR784, HR784, HR6, HR6, HR17, HR17, HR18, HR18, HR49, HR49, HR170, HR170, HR236, HR236, HR247, HR275, HR355, HR356, HR364, HR672, HR690, HR690, HR755, HR755, HR756, HR756, HR759, HR759, HR762, HR762, HR763, HR763, HR781, HR781, HR785, HR785, SB2, SB260, SB569, HB2, HB2000, HB213, HB222, HB645, HB1458, HB 1022, HB141, HB643, HB3093, HB1700, HB 117

Keywords: outboard motors, certificate of title, vessel regulation, Texas Parks and Wildlife Code, marine documentation, HB 420, Texas Water Code, special district, water district, board meetings, meeting location, teleconference, videoconference, remote meeting, public hearing, tax rate hearing, special districts, Cedar Creek Reservoir, county boundary, local government

Transcript Highlights:

• If you’re doing land acquisition, we do work with the communities to make sure that title work is done

Keywords: 00:01 Call to Order and Roll Call 00:34 Economic Development Cabinet 27:51 Adjournment, 958, all

Summary: The committee met without a quorum, so the minutes from the last two meetings were not approved. Secretary Noel of the Cabinet for Economic Development then gave a broad overview of the cabinet’s work and an update on the Kentucky Product Development Initiative (KPD), with Deputy Secretary Katie Smith and General Counsel Matt also present. He said the cabinet’s strategy is to focus on high-wage job creation, especially in automotive transformation, business and financial professional services, tourism, logistics, agri-tech, aerospace, and other high-tech sectors, while also supporting small and medium-sized businesses and existing employers. Noel highlighted several program results and examples, including average incentivized wages approaching $27 per hour, 877 jobs and $346 million in investment through hub operations, $90 million through Commonwealth Ventures, help for hundreds of companies through the Kentucky Intellectual Property Alliance, work with 220 companies through the Kentucky Science and Technology Council, nearly 3,000 students in Advanced Kentucky, and more than 1,100 participants in Kentucky Valor. He also cited 35,000 workers trained through Bluegrass State Skills, 177 businesses helped by the small business tax credit, and 77 entertainment incentive transactions totaling about $200 million and 7,400 jobs. On the grant side, he said the cabinet had approved 155 projects under a federal grant program, committing $99 million, with outreach aimed at smaller communities and all 120 counties. The main focus of the second half was KPD. Noel described it as a program that requires more than basic due diligence, emphasizing community readiness, local vision, title and mineral-rights review, sewer validation, and consultant review. He said 109 projects had been awarded in the earlier rounds, and in 2024 there were 45 requests for information seeking $81 million against $35 million in available funding, showing strong demand. He also said the cabinet has worked with local economic developers through five regions aligned with area development districts, and that the secretary, deputy secretary, or commissioner of business development must attend the regional meetings, with 100% attendance reported for the key three last year. In response to questions, he said Jefferson County’s lack of KPD projects so far likely reflects where local land and development strategies are in the process rather than a lack of interest, and he said the cabinet has not heard that Kentucky’s occupational safety and health rules are clearly helping or hurting competitiveness, though he offered to look into it further.

Transcript Highlights:

• you look at whether you're a renter or whether a home owner, the cost of maintenance, the cost of acquisition

Keywords: 1187, senate, all

Transcript Highlights:

• If it were, then I'd be running some cleanup language next year.
• , Section 1, line 5, by inserting after the word 'and' and before the word 'shall' the following language
• After the word 'and' and before the word 'shall' the following language and punctuation: comma, if the
• The new language adds that the notification should be sent by email as well as regular snail mail.

Bills: SB137, SB504, SB1213, SB1216, SB1221, SB1224, SB1232, SB1238, SB1255, SB1256, SB1258, SB1264, SB1266, SB1325, SB1441, SB1448, SB1450, SB1460, SB1496, SB1543, SB1589, SB1597, SB1621, SB1655, SB1679, SB1687, SB1716, SB1730, SB1733, SB1769, SB1921, SB1932, SB1936, SB1980, SB2011, SB2030, SB2084, SB2112, SB2170, SB2182

Keywords: electronic monitoring, Department of Corrections, criminal justice, rehabilitation, public safety, SB1213, earned credits, inmate credits, good time, sentence reduction, DOC, prison reform, corrections policy, inmate classification, class levels, rehabilitation credits, achievement credits, vocational training, educational credits, prison programs

Transcript Highlights:

• And, yeah, it's pretty complicated, and, you know, it's like reading IRS language some of the time.
• There is also, with the language in this third reprint, language to give priority to students that attend
• Because there's a non-reversion language that's in this second reprint.
• To accomplish this, besides the appropriation being added to AB 188, there would also be new language
• It would remove the language in the bill that it becomes effective when a decision unit in the budget

Bills: AB49, AB93, AB108, AB169, AB188, AB212, AB221, AB224, AB251, AB282, AB284, AB296, AB304, AB331, AB356, AB366, AB375, AB409, AB467, AB475, AB476, AB479, AB494, AB514, AB515, AB533, AB542, AB550, AB558, AB567, AB568, AB571, AB581, AB583, AB584, AB585, AB595, AB596, AB597, SB170, SB427, SB460, SB508

Keywords: educational personnel, teacher licensing, reciprocal licensure, provisional teaching, school counselors, school nurses, school social workers, state education standards, public employees, police officers, benefits, appropriation, law enforcement, outdoor education, recreation, grant program, environment, funding, health insurance, speech-language pathology

Transcript Highlights:

• Recommendations add language to this rider directing the agency to draw down fund 5095 funds first, and
• Curtis**: This is a financing tool offered by the **TPFA** to client agencies for equipment acquisition
• Moving to page 4, rider modifications for riders four and five include additional language to clarify
• Rider six includes new language requiring notification of increases from other funds.
• Rider six includes new language requiring notification of increases from other funds in excess of the

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• So it can go to land acquisition costs, it can go to infrastructure, it can go to building.
• when you look at some of the more rural areas, some of those costs are significantly lower, land acquisition
• This, I am told, is a really easy tweak in how the rules are written, and I've been given language by

Keywords: Meeting Start 00:00:07 Roll Call 00:00:14 Discussion of Pro-Growth Housing Policies 00:02:01 Discussion of Historic Rehabilitation Tax Credit 01:11:13 Adjournment 01:40:27, 958, all

Summary: The Kentucky Housing Task Force met and heard first from the Kentucky Chamber of Commerce, which presented findings from a housing study done with the Home Builders Association. The chamber said housing is now a major economic-development issue, citing survey results that 90% of community leaders said their region could not absorb a major job announcement and 66% said housing is holding back Kentucky’s economy. The chamber described Kentucky’s housing shortage, rising home prices, declining permits since 2008, and the need for more production to support growth. It urged policy changes including zoning and land-use reform, tax incentives, regional approaches, and especially a residential infrastructure fund modeled on Indiana’s low-interest loan program to help communities finance roads and other infrastructure needed for new housing. Members asked about the severity of the problem, workforce shortages in permitting and construction, the loan interest rate, repayment, and whether Kentucky could replicate Indiana’s results; the witness said the issue is a crisis and that the program would be a revolving public-private partnership, likely around 3% interest, with implementation details still to be worked out. The Kentucky Bankers Association then testified that the housing gap is especially acute for households at 80% of area median income and below, which it said represents about 70% of Kentucky’s housing need. It emphasized that the shortage affects both urban and rural counties and pointed to examples such as Rowan County, where workers at major employers must commute long distances because local housing is unavailable or unaffordable. The bankers said high interest rates remain a major barrier and proposed a $20 million bank commitment for a revolving fund tied to tax credits to finance new housing, not refinances. They cited Hope of the Midwest as an example of a successful tax-credit housing model with a long track record and no defaults, and said the proposal would leverage public-private partnerships to create new units. Committee members questioned how the proposed fund would compare with industrial revenue bonds and whether it could be structured like Kentucky’s tobacco settlement fund, with seed money, a review board, scoring criteria, and possible population thresholds to ensure smaller communities benefit. The bankers said the proposal would be another tool for cities and counties, specifically tied to residential infrastructure, and that larger cities should not be able to capture all of the resources. No formal votes or actions were taken during this portion of the meeting.

Transcript Highlights:

• have to have some equipment and then supporting our local first responders for their equipment acquisition
• Language is everything.
• Potentially, we would have some bill drafts to be considered, or at least language proposed for a bill

Summary: The committee met to review advanced nuclear energy issues in North Dakota, beginning with approval of the April 21, 2022 minutes. Nucleon presented an overview of the advanced reactor landscape, distinguishing light-water SMRs, advanced Gen 4 reactors, and microreactors. The presentation emphasized that light-water SMRs are the most near-term deployable and use familiar low-enriched uranium fuel, while many Gen 4 designs may require high-assay low-enriched uranium (HALU), which is not yet supported by a mature U.S. supply chain. Nucleon also noted that advanced reactors are being developed primarily for industrial heat applications, while microreactors are niche, higher-cost systems for remote or mission-critical uses. Committee members asked about fuel availability, safety, recycling, and whether large reactors such as AP-1000s were evaluated; the presenter said fuel development is proceeding in parallel but remains a bottleneck, and that siting and grid capacity often make SMRs more practical than gigawatt-scale plants in North Dakota. Representatives from the National Association of State Energy Officials described how other states are supporting advanced nuclear through task forces, roadmaps, regional coordination, grants, tax incentives, workforce and supply-chain efforts, and pilot programs. They highlighted the Advanced Nuclear First Mover Initiative and said states are focusing on multi-state coordination, demand aggregation, regulatory coordination, waste management, workforce readiness, and community engagement. They also discussed affordability tools such as construction work in progress (CWIP), financing incentives, and consumer protections, citing examples from Kentucky, Texas, Virginia, Illinois, Missouri, Utah, Tennessee, and others. In response to questions, they explained that pilot programs often involve site-readiness and feasibility studies, and that the federal Nuclear Innovation Campus process is moving forward with multiple submissions while broader waste and recycling policy may require congressional action. The Public Service Commission said it would likely have a major role in any North Dakota nuclear project through certificate-of-public-convenience-and-necessity review, siting, and rate regulation, but noted gaps in current law for small reactors, co-located facilities, NRC coordination, and long-term site stewardship. The commissioner said the commission has no authority over a private, self-contained reactor not connected to the grid. The Department of Environmental Quality explained that the state regulates radioactive materials under its agreement-state authority, but NRC retains primacy over fission reactors; DEQ would likely assist with emergency planning and could have a larger role if fusion reactors emerge. The Department of Emergency Services said it would serve as the lead off-site preparedness agency, requiring a dedicated radiological emergency preparedness program, training, drills, public outreach, and likely additional funding and staffing, with industry expected to bear much of the cost. The Department of Water Resources said North Dakota’s water laws and prior-appropriation system are adequate for nuclear siting, that the Missouri River is the best likely source, and that no statutory or budget changes are currently needed from a water perspective. The committee recessed for lunch after these agency presentations.

Transcript Highlights:

• have to have some equipment and then supporting our local first responders for their equipment acquisition
• Language is everything.
• Potentially we would have some bill drafts to be considered, or at least language proposed for a bill

Summary: The Advanced Nuclear Energy Committee met to review prior minutes and hear a series of presentations on advanced nuclear technology and state readiness. The committee approved the April 21, 2022 minutes. Nucleon’s William Bridge outlined the advanced nuclear landscape, distinguishing near-term light-water SMRs from more advanced Gen 4 reactors and microreactors, and emphasized that fuel supply, especially HALEU, remains a developing supply chain. He said light-water designs are the most deployable in the near term, while advanced reactors may be better suited for industrial heat applications and could face a 2- to 3-year delay from fuel availability. Representatives from NASEO described how other states are supporting advanced nuclear through task forces, roadmaps, pilot programs, financing tools, workforce and supply-chain efforts, and regional coordination. They highlighted the Advanced Nuclear First Mover Initiative and stressed that states are focusing early on emergency preparedness, community engagement, waste management, affordability, and consumer protections. They also noted that some states are creating nuclear-ready community programs and cost-recovery guardrails, while public utility commissions are examining long-term lifecycle costs and rate impacts. North Dakota agencies then outlined their potential roles. The Public Service Commission said it would likely be involved in public-interest review, siting, and rate regulation, but noted current statutes may not fully address long-term nuclear projects, co-location, or decommissioning. The Department of Environmental Quality said it would continue to regulate radioactive materials and likely support emergency planning, while fission reactor oversight remains federal. The Department of Emergency Services said it would serve as the lead off-site preparedness agency, needing a radiological emergency program, training, exercises, equipment, and possibly industry funding. The Department of Water Resources said North Dakota has sufficient surface water, especially from the Missouri River, but that water planning would be important; it did not recommend statutory or budget changes at this time. The committee recessed for lunch after these presentations, with no additional votes or actions taken.

Transcript Highlights:

• But I think we actually need to keep that language in.
• actually need to keep that language in. actually need to keep that language in.
• ><01:57:59.119> it<01:57:59.280> through if this language makes it through if this language
• But my biggest question lies in the language of until legislative authorization.
• legislative language of until legislative authorization. authorization. authorization.

Keywords: 916, all

Transcript Highlights:

• Your language says when appropriation in a warrant article will exceed the 10%.
• So long-standing uses would be terminated by the language in the bill as I read it.
• Um I own a language of this bill is.
• We believe its language is redundant and duplicative of the language already in 91-A. 91-A already requires
• So, we believe this language in 91-A is redundant of language already in the statute.

Keywords: 1191, senate, all

Transcript Highlights:

• Two words: acquisition value.”
• limited to language. limited to language.
• I mean, we're basically dictating what our policy is, and some of this language is the language that
• language.
• And so, this is the language language.

Keywords: 916, all

Transcript Highlights:

• If we provide something that would be just enough for design or land acquisition or other advanced things
• And in that there was the same language that the university system board of trustees will determine the
• And in that there was the same language that the university system board of trustees will determine the
• Seeing none, straw poll on the language. I'm sorry. Representative Cloutier. Thank you.
• Seeing no further questions on the question of changing the verbiage and language on this.

Keywords: 928, house, all

Summary: The committee heard testimony on proposed improvements to the New Hampshire State Police gun range and training facility. Commissioner Robert Quinn and Major Brendan Davy said the range is used for realistic, scenario-based training that cannot be replicated at a standard static range, including movement, use of cover, vehicle-based drills, elevation, and training under elevated heart rates and stress. They said the facility is important not only for state troopers but also for local and federal partners, and that it is used regularly for qualifications, requalification, and special unit training. Members asked about specific limitations and costs. Major Davy said the PSTC range is handgun-caliber only because the backstop is not rifle-rated, and local law enforcement can use the State Police range for qualification. Representative Kazinski questioned the size and cost of the project, and Public Works Director Theodore Copper then explained the estimate: $1.5 million for building and site work, plus soft costs, utilities, design, and inflation, bringing the total to $2.3 million. He said the proposed facility would include office space, two classrooms, restrooms, and heating and air conditioning, and that the estimate was reasonable. The committee also heard from Milford School District Superintendent Christy Misho in support of CTE funding. She said Milford has been working for years to secure support for an applied technology center renovation, that prior local bond efforts fell short of the required threshold, and that the district now plans a CTE-only local bond of about $4 million while seeking $10 million from the state. She argued the investment is needed to modernize outdated equipment and support workforce training, and said the district remains committed to the project. In work session action, the committee corrected a prior vote on the Pease Development Authority warehouse removal and replacement project, increasing the amount by $353,300 to $1,973,300 and raising the agency subtotal to $4,155,300. The committee also approved adding two Community College System items: $500,000 for an energy management system and $1.3 million for critical maintenance, for a total addition of $1.8 million. No objections were raised to these motions.

Transcript Highlights:

• If at some point you do feel like after the acquisition of construction of additional generation, if
• As far as we're—I mean, of course, we would be happy to look at any proposed language changes to the
• we would be happy to look at any we would be happy to look at any proposed<00:42:45.200> language
• changes to the bill proposed language changes to the bill that<00:42:46.680> we<00:42:46.840>
• The language included in the bill is the same definition and calculation that's been part of an existing

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:01:28 Introduction of Guests 00:02:08 American Electric Power and Kentucky Power Presentation 00:03:31 SB 89 Discussion 00:53:55 SB 89 Roll Call Vote 01:07:46, 958, all

Summary: The committee met for an initial natural resources hearing with a quorum present and introductory housekeeping, including prayer, roll call, and recognition of guests. Chair Smith outlined ground rules for questions and then invited Kentucky Power and American Electric Power representatives to the table to discuss a proposed plan involving the Mitchell Power Plant and future generation needs in Eastern Kentucky. Witnesses Cindy Wiseman, Alex Vaughn, and AEP CEO Bill Fehrman said the company’s goals are to stabilize and lower rates, reduce rate volatility, and expand generation in the Commonwealth. They explained that Kentucky Power seeks legislative authority to securitize its 50% interest in the Mitchell coal plant, describing securitization as a refinancing mechanism that would lower annual plant costs by about $34 million and help offset roughly one-third of the expected cost of adding new generation in Kentucky. They emphasized that the proposal is not intended to close Mitchell, and said Kentucky Power currently has no plan to divest its interest; the company still needs the plant to serve customers while it pursues additional dispatchable generation in Kentucky. Members pressed the witnesses on the plant’s book value versus fair market value, whether the Mitchell interest had ever been assigned a nominal value, how any divestiture proceeds would be handled, whether Kentucky Power owns Wheeling Power, and how long Mitchell can continue operating. The company said it values Mitchell at net book value for accounting purposes, not fair market value, and explained that Wheeling Power is a separate AEP affiliate and that West Virginia affiliates have already proposed securitization of their share. Witnesses said Kentucky Power’s interest cannot technically operate past 2028 without additional environmental control investment, while the West Virginia side is depreciating through 2040. They also described the financing timeline, saying securitization would require enactment of legislation, a PSC financing order, bond issuance, and then parallel work to acquire or build new generation, with any reinvestment terms to be addressed through the regulatory process.