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2004 SESSION

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HB 264 Electric utility restructuring; protection of state jurisdiction, customer choice suspended.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Electric utility restructuring; protection of state jurisdiction; customer choice suspended. Suspends customer choice until July 1, 2007, unless the State Corporation Commission finds that rate unbundling will not result in the Commonwealth ceding its jurisdiction and authority to ensure reliable service at reasonable rates. The Commission is directed to immediately rebundle incumbent electric utilities' rates and take the actions necessary to protect the Commonwealth's jurisdiction to ensure reliable electric service at reasonable rates. This bill has an emergency clause.


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