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GA HB1392

Bill

Official Source

Status

Introduced

3/16/2010

Primary Sponsor

Robert Franklin

Click for details

Origin

House of Representatives

2009-2010 Regular Session

AI Summary

  • Repeals the "Georgia Nuclear Energy Financing Act," originally approved on March 21, 2009, which allowed utilities to recover nuclear generating plant construction financing costs from customers through rate charges
  • Eliminates subsection (c.1) of Code Section 46-2-25, which provided the mechanism for utilities to pass nuclear plant financing costs to current ratepayers before the plants are operational
  • Justifies the repeal on the grounds that the federal government has announced an increased role in financing nuclear energy facilities, removing the need for Georgia ratepayers to prepay for future use
  • Sponsored by Representative Franklin of the 43rd district and takes effect immediately upon the Governor's approval or upon becoming law without approval

Legislative Description

Georgia Nuclear Energy Financing Act; recover generating plant costs from customers; eliminate

Last Action

House Second Readers

3/17/2010

Committee Referrals

Energy, Utilities and Telecommunications3/16/2010

Full Bill Text

No bill text available