History of Actions | Background | Title |
Description: Electric Industry Restructuring Act; create.
| 1 | 01/09/97 | (S) | Referred To Public Utilities | |
| 2 | 02/04/97 | (S) | Died In Committee |
| Effective date | July 1, 1997 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | No |
Senate Committee:
Principal Author: Gunn
Title: AN ACT TO CREATE THE ELECTRIC INDUSTRY RESTRUCTURING ACT; TO PROVIDE FOR LEGISLATIVE FINDINGS AND DECLARATIONS; TO REQUIRE THE PUBLIC SERVICE COMMISSION TO ADOPT A PLAN FOR RESTRUCTURING THE ELECTRIC UTILITY INDUSTRY; TO REQUIRE ELECTRIC UTILITIES TO FILE WITH THE PUBLIC SERVICE COMMISSION A RESTRUCTURING PLAN PROVIDING FOR CUSTOMER CHOICE; TO PROVIDE THAT ALL RETAIL CUSTOMERS SHALL BE PERMITTED TO CHOOSE THEIR PROVIDERS OF ELECTRIC GENERATION SERVICES BY A CERTAIN DATE; TO PROVIDE THAT LOCAL UTILITIES SHALL BE RELIEVED OF THEIR TRADITIONAL OBLIGATION TO SERVE BUT SHALL HAVE AN OBLIGATION TO CONNECT ALL CUSTOMERS WITHIN THEIR SERVICE TERRITORY ON NON-DISCRIMINATORY TERMS AND CONDITIONS; TO REQUIRE ELECTRIC UTILITIES TO FILE WITH THE PUBLIC SERVICE COMMISSION A PLAN FOR RECOVERING STRANDED COSTS; TO PROVIDE FOR CERTAIN CRITERIA AND METHODOLOGY FOR RECOVERING STRANDED COSTS; TO CREATE A LEGISLATIVE OVERSIGHT COMMITTEE ON ELECTRIC UTILITY RESTRUCTURING; AND FOR RELATED PURPOSES.
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1997/History/SB\SB2395.htm