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GA HB931
Bill
Status
Introduced
2/8/2016
Primary Sponsor
Karla Drenner
Click for details
AI Summary
- Amends O.C.G.A. § 46-2-25 to condition a utility's right to recover nuclear plant construction financing costs from customers on the utility not exceeding the commission-approved scheduled date for commercial operation
- Requires that if a utility exceeds the approved commercial operation date, financing costs incurred beyond that date must accrue as "allowance for funds used during construction" (AFUDC) rather than being passed directly to ratepayers
- Allows the utility to seek to add those delayed-period financing costs to its rate base only upon completion of the nuclear generating plant, pursuant to O.C.G.A. § 46-3A-7(a)
- Maintains existing provisions allowing the commission to consider the impact of the financing cost tariff on senior or low-income assistance programs, with income qualification set at 200 percent of the federal poverty level
Legislative Description
Public utilities; recovery of the cost of financing the construction of a nuclear generating plant; change certain provisions
Last Action
House Second Readers
2/10/2016
Full Bill Text
No bill text available