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2010 SESSION

• | print version

HB 1237 Economic development incentive rates; electric utilities to offer service to certain customers.

Introduced by: Ward L. Armstrong | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Economic development incentive rates.  Requires certain incumbent electric utilities to offer electric service at an economic development incentive rate to certain nonresidential customers. To be eligible for an economic development incentive rate, a customer shall have a new load of at least 1,000 KW and either increase employment by at least 75 full-time equivalent employees per 1,000 KW of new load or make a capital investment of $400,000 per 1,000 KW of new load. An economic development incentive rate provides eligible customers the option of either (i) a monthly credit of $6 per KW for three years or (ii) a monthly credit of $6 per KW for the first year, reduced by $0.75 per KW in each of the following years of an eight-year term.

FULL TEXT

• 01/15/10  House: Presented and ordered printed 10103841D  pdf | impact statement

HISTORY

• 01/15/10  House: Presented and ordered printed 10103841D
• 01/15/10  House: Referred to Committee on Commerce and Labor
• 01/29/10  House: Assigned C & L sub: #3 Special Subcommittee on Energy
• 02/09/10  House: Subcommittee recommends laying on the table (12-Y 0-N)
• 02/16/10  House: Left in Commerce and Labor