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2024 SESSION

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HB 403 Electric utilities; temporary power purchase agreements.

Introduced by: R. Lee Ware | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Electric utilities; temporary power purchase agreements. Provides that if the State Corporation Commission determines that, due to transmission constraints, a public utility is not able to furnish electric service sufficient to meet the current and reasonably anticipated requirements of a customer located in such public utility's service territory, such customer shall be permitted to enter into a temporary power purchase agreement with a third party that shall be authorized to own and operate a facility generating zero-carbon electricity located on such customer's site to serve part or all of such customer's electric service requirements. Under the bill, such authorization shall extend for at least six years.


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