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2015 SESSION

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SB 1396 Danville and Martinsville, Cities of; authority related to disposition of certain utilities, report.

Introduced by: William M. Stanley, Jr. (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Authority related to disposition of certain utilities; Cities of Danville and Martinsville; report to House and Senate Commerce and Labor Committees. Provides that the city council of the City of Danville and the city council of the City of Martinsville may, by ordinance adopted by an affirmative vote of two-thirds of all of its members, abolish all or part of its utilities, or sell all or part of its utilities, including all of its related assets, or transfer the functions thereof, to an investor-owned utility, a merchant utility service provider, or a cooperative regulated by the State Corporation Commission if it is found to be in the public interest. Also, the bill requires the Commission on Electric Utility Regulation, the State Corporation Commission, and the Attorney General to report to the House and Senate Commerce and Labor Committees by November 22, 2015, on tax practices, return on investment practices, purchase power practices, regional congestion pricing practices, and general municipal utility efficiencies that have led to higher costs for some municipal electric utility and natural gas consumers compared with average statewide consumers.


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