AMENDMENT(S) REJECTED BY THE HOUSE

DEL. REID

1. Line 229, substitute, after services,

strike

and

insert

and

DEL. REID

2. Line 231, substitute, after 56-231.33

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the remainder of line 231 and through regulations on line 236

DEL. MORGAN

3. Line 231, substitute, after 56-231.33,

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and (vi)

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(vi) if the Commission finds following an investigation of the reasonableness of the capped rates of an incumbent electric utility, which investigation may be commenced on the Commission’s own motion or upon the motion of any interested person, that the incumbent electric utility has recovered its just and reasonable net stranded costs, then the Commission shall set the incumbent electric utility’s capped rates at a level that reflects the utility’s actual cost of providing service plus a fair return, and (vii)

DEL. MORGAN

4. Line 231, substitute, after 56-231.33,

strike

and (vi)

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(vi) if the Commission finds following an investigation of the reasonableness of the capped rates of an incumbent electric utility, which investigation may be commenced on the Commission’s own motion, that the incumbent electric utility has recovered its just and reasonable net stranded costs, then the Commission shall set the incumbent electric utility’s capped rates at a level that reflects the utility’s actual cost of providing service plus a fair return, and (vii)

DEL. REID

5. Line 250, substitute, after Commission

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, during the period January 1, 2004, through June 30, 2007,

DEL. REID

6. Line 251, substitute, after approval of

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a one-time change

insert

changes

DEL. REID

7. Line 251, substitute, after rates,

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the remainder of line 251, all of line 252, and through rates on line 253

DEL. HOGAN

8. Line 446, substitute

insert

H. Notwithstanding subsections A through C of this section, an incumbent electric utility or distributor designated by the Commission to provide default service effective January 1, 2004, shall, upon the expiration or termination of capped rates as provided in § 56-582, provide default service (including all generation and generation-related services) to retail customers in its territory according to rates, terms, and conditions established by the Commission pursuant to Chapter 10 of this title, except that the Commission may designate different providers of default service pursuant to this section if the Commission determines that the public interest would be served.