2006 Regular Session

SENATE BILL 1048

File Code: Utility Regulation
Sponsored By:
Senators Middleton, Astle, Exum, Hafer, Kelley, and Klausmeier
Entitled:
Electric Restructuring - Transition to Market Rates - Continuation of Rate Caps Until Merger is Final

Synopsis:

Requiring the Public Service Commission, when a specified rate cap or price freeze expires, to determine a specified impact on residential customer bills; requiring the Commission, if the expiration of a specified rate cap or price freeze occurred before a specified date, to determine a specified impact on residential customer bills; requiring the Commission to develop a specified price mitigation plan under specified circumstances; requiring a price mitigation plan to phase in a specified rate under specified circumstances; etc.

History by Legislative Date

Senate Action
3/6
First Reading Senate Rules
3/8
Re-referred Finance
Hearing 3/14 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Thomas M. Middleton, District 28
Senator John C. Astle, District 30
Senator Nathaniel Exum, District 24
Senator John J. Hafer, District 1
Senator Delores G. Kelley, District 10
Senator Katherine Klausmeier, District 8

Bill indexed under the following Subjects:

MERGERS AND ACQUISITIONS
PRICES -see also- CONSUMER PRICE INDEX
PUBLIC SERVICE COMMISSION
RULES AND REGULATIONS
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER

Bill affects the following Statute:

Public Utility Companies
( 7-510.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered