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2000 SESSION

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SB 532 Electric utility restructuring; capped rates.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Electric utility restructuring; capped rates. Authorizes the State Corporation Commission to adjust the capped rates charged by certain distribution cooperatives to match the cost of providing distribution services. Capped rates are effective from January 1, 2001, until as late as July 1, 2007, for each service territory of every incumbent utility. Until the end of the capped rate period, the electric utility shall make electric service available at capped rates to any customer in the incumbent electric utility's service territory.


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