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2006 SESSION

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SB 406 Electric authorities; distributing electric energy for retail sales to customers within area.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)

Electric authorities.  Amends the Electric Authorities Act. An electric authority created by the Town of Elkton in which the Town is the authority's sole member is (i) subject to taxation only to the extent that the Town is subject to such taxation; (ii) subject to the provisions of the Virginia Personnel Act and the Virginia Public Procurement Act in the exercise of any power conferred under the Electric Authorities Act only to the extent that such provisions would have applied to the Town of Elkton in the exercise of such power directly; and (iii) authorized to distribute electric energy for retail sale within the geographic area that was served as of January 1, 2006, by the Town of Elkton.  In addition, the bill provides that the provisions of the Virginia Electric Utility Restructuring Act shall not impair the exclusive territorial rights of an authority created by the Town of Elkton in which the Town is the authority's sole member.  This bill is identical to HB 1187.


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