Bill Summary for S 305 (2015-2016)

Summary date: 

Mar 24 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 305 (Public) Filed Tuesday, March 17, 2015
AN ACT TO PROVIDE COST RECOVERY FOR ACQUISITION OF JOINT MUNICIPAL POWER AGENCY OWNERSHIP INTEREST IN GENERATING FACILITIES, TO AUTHORIZE MUNICIPALITIES THAT ARE MEMBERS OF JOINT MUNICIPAL POWER AGENCIES TO ENTER INTO SUPPORT CONTRACTS, AND TO ISSUE BONDS TO PAY THE COSTS OF PROJECTS THAT ARE SOLD.
Intro. by Newton, Pate, Bryant.

View: All Summaries for BillTracking:

Bill summary

Senate committee substitute to the 1st edition makes the following changes.

Amends GS 62-133.14 to add to the factors that must be considered in determining the amount of the annual rider to the electric public utility's rates that the customer allocation method approved by the Utilities Commission (Commission) in the electric public utility's most recent general rate case must be used. Adds to the items that must be included in the rider's annual adjustment any changes to the customer allocation method determined in any general rate proceeding occurring after the initial establishment of the rider.

Amends GS 159B-14, concerning issuance of bonds for refinancing bonds for costs to a project to no longer limit power supply arrangements to those authorized in GS 159B-12.

© 2021 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view