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2008 SESSION

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HB 666 Utility Transfers Act; prohibits SCC from approving an application by an investor-owned elec. util.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Utility Transfers Act; investor-owned electric utilities.  Prohibits the State Corporation Commission from approving an application by an investor-owned electric utility that was, as of July 1, 1999, bound by a rate case settlement adopted by the Commission that extended in its application beyond January 1, 2002, for authority to acquire assets or securities of an electric utility that divested its generation assets with approval of the Commission pursuant to § 56-590 prior to January 1, 2002, if the acquisition is likely to result in an increase in the rates of any investor-owned electric utility.

FULL TEXT

• 01/08/08  House: Prefiled and ordered printed; offered 01/09/08 080059616  pdf | impact statement

HISTORY

• 01/08/08  House: Prefiled and ordered printed; offered 01/09/08 080059616
• 01/08/08  House: Referred to Committee on Commerce and Labor
• 02/12/08  House: Left in Commerce and Labor