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Legislation


1999 Regular Session

SENATE BILL 705

File Code: Utility Regulation Crossfiled with: HOUSE BILL 1055
Sponsored By:
Senator Miller
Entitled:
Electric Utility Industry Restructuring - Securitization

Synopsis:

Authorizing the Public Service Commission to issue qualified rate orders for qualified purposes under specified circumstances; providing for the issuance of transition bonds for specified purposes; providing for the irrevocability of qualified rate orders and charges; allowing the pledge or assignment of specified property interests; providing that specified obligations on specified charges are nonbypassable; providing for the use of proceeds of transition bonds; etc.

History by Legislative Date

Senate Action
2/19
First Reading Senate Rules
Motion Rules Suspended Referred Finance (Senator Currie) Adopted
Hearing 2/25 at 12:00 p.m.
4/12
Unfavorable Report by Finance
House Action
No Action
Bill indexed under the following Subjects:
BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.
FEES -see also- DEVELOPMENT FEES AND TAXES
JUDICIAL REVIEW
PRICES -see also- CONSUMER PRICE INDEX
PUBLIC SERVICE COMMISSION
REVENUE AND TAXES -see also specific taxes-
RULES AND REGULATIONS
SECURITY INTERESTS -see also- LIENS
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
Bill affects the following Statutes:
Public Utility Companies
( 7-501 , 7-513 , 7-520 , 7-521 , 7-522 , 7-523 , 7-524 , 7-525 , 7-526 , 7-527 , 7-528 , 7-529 , 7-530 , 7-531 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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