---
type: "Bill"
title: "Utility System Rate Base Values"
description: "Utility System Rate Base Values; Establishes alternative procedure by which PSC may establish rate base value for certain acquired utility systems; requires that approved rate base value be reflected in acquiring utility's next general rate case for ratemaking purposes; establishes procedure for appraisal of acquired utility system; provides contents required for petition to PSC for approval of rate base value of acquired utility system; provides duties of PSC regarding petitions; authorizes PSC to set rates for & classify certain acquired utility systems; requires PSC to take certain factors into consideration for certain rate base value petitions; requires PSC to adopt rules."
jurisdiction: "us/states/fl"
legislature: "Florida Legislature"
session: "2023"
identifier: "HB 125"
citation: "Florida HB 125 (2023)"
classification: ["bill"]
subjects: []
status: "enacted"
chapter_law: "2023-291"
primary_sponsors: ["McClain"]
version_count: 4
action_count: 44
vote_count: 5
first_action: "2023-01-06"
last_action: "2023-06-27"
source: "openstates"
source_identifier: "ocd-bill/225b24d4-7f4f-4926-96b4-f524e3f635c2"
source_url: "https://flsenate.gov/Session/Bill/2023/125/ByCategory"
source_hash: "363155a01a8ea477684562672fe724d5efabce4252e955e5d9e80af7663530d3"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-fl"]
---

# Florida HB 125 (2023) — Utility System Rate Base Values

Utility System Rate Base Values; Establishes alternative procedure by which PSC may establish rate base value for certain acquired utility systems; requires that approved rate base value be reflected in acquiring utility's next general rate case for ratemaking purposes; establishes procedure for appraisal of acquired utility system; provides contents required for petition to PSC for approval of rate base value of acquired utility system; provides duties of PSC regarding petitions; authorizes PSC to set rates for & classify certain acquired utility systems; requires PSC to take certain factors into consideration for certain rate base value petitions; requires PSC to adopt rules.

**Enacted** — Laws of Florida, Chapter 2023-291.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **H 125 Filed** (filed) — [source](https://flsenate.gov/Session/Bill/2023/125/BillText/Filed/PDF)
2. **H 125 c1** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2023/125/BillText/c1/PDF)
3. **H 125 c2** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2023/125/BillText/c2/PDF)
4. **H 125 er** (enrolled) — [source](https://flsenate.gov/Session/Bill/2023/125/BillText/er/PDF)

## Votes

- Third Reading — **37–0** (pass) · upper
- Favorable With Committee Substitute (Energy, Communications & Cybersecurity Subcommittee) — **18–0** (pass) · lower
- Passage, Third Reading — **112–2** (pass) · lower
- Third Reading — **38–0** (pass) · upper
- Favorable With Committee Substitute (Commerce Committee) — **17–0** (pass) · lower

## Sponsors

- Commerce Committee — primary (organization)
- Energy, Communications & Cybersecurity Subcommittee — primary (organization)
- McClain — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-01-06** Filed `filing`
- **2023-01-17** Referred to Energy, Communications & Cybersecurity Subcommittee `referral-committee`
- **2023-01-17** Referred to State Administration & Technology Appropriations Subcommittee `referral-committee`
- **2023-01-17** Referred to Commerce Committee `referral-committee`
- **2023-01-17** Now in Energy, Communications & Cybersecurity Subcommittee
- **2023-02-08** Added to Energy, Communications & Cybersecurity Subcommittee agenda
- **2023-02-15** Favorable with CS by Energy, Communications & Cybersecurity Subcommittee `committee-passage-favorable`
- **2023-02-15** Reported out of Energy, Communications & Cybersecurity Subcommittee
- **2023-02-15** Laid on Table under Rule 7.18(a) `deferral`
- **2023-02-15** CS Filed `filing`
- **2023-02-21** Original reference removed: State Administration & Technology Appropriations Subcommittee
- **2023-02-21** Referred to Commerce Committee `referral-committee`
- **2023-02-21** Now in Commerce Committee
- **2023-03-07** 1st Reading (Original Filed Version) `filing, reading-1`
- **2023-03-07** 1st Reading (Committee Substitute 1) `reading-1`
- **2023-04-13** Added to Commerce Committee agenda
- **2023-04-18** Favorable with CS by Commerce Committee `committee-passage-favorable`
- **2023-04-18** Reported out of Commerce Committee
- **2023-04-18** Laid on Table under Rule 7.18(a) `deferral`
- **2023-04-18** CS Filed `filing`
- **2023-04-19** Bill referred to House Calendar
- **2023-04-19** 1st Reading (Committee Substitute 2) `reading-1`
- **2023-04-19** Added to Second Reading Calendar
- **2023-04-24** Bill added to Special Order Calendar (4/27/2023)
- **2023-04-27** Read 2nd time `reading-2`
- **2023-04-27** Added to Third Reading Calendar
- **2023-04-27** Read 3rd time `reading-3`
- **2023-04-27** CS passed; YEAS 112, NAYS 2 `passage`
- **2023-04-27** In Messages
- **2023-04-27** Referred to Fiscal Policy `referral-committee`
- **2023-04-27** Withdrawn from Fiscal Policy `withdrawal`
- **2023-04-27** Placed on Calendar, on 2nd reading
- **2023-04-27** Substituted for CS/SB 194
- **2023-04-27** Received `enrolled`
- **2023-04-27** Read 2nd time `reading-2`
- **2023-04-27** Read 3rd time `reading-3`
- **2023-04-27** CS passed; YEAS 37 NAYS 0 `passage`
- **2023-04-27** Reconsidered
- **2023-04-27** CS passed; YEAS 38 NAYS 0 `passage`
- **2023-04-27** In Messages
- **2023-04-27** Ordered enrolled `enrolled`
- **2023-06-26** Signed by Officers and presented to Governor `executive-receipt`
- **2023-06-26** Approved by Governor `executive-signature`
- **2023-06-27** Chapter No. 2023-291

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/225b24d4-7f4f-4926-96b4-f524e3f635c2`. Confidence: reported (aggregated from official Florida legislature records).