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GA SB419
Bill
Status
Introduced
2/13/2018
Primary Sponsor
Chuck Hufstetler
Click for details
AI Summary
- Limits the mandatory cost-recovery provision for nuclear plant construction financing to projects certified by the Georgia Public Service Commission prior to January 1, 2018, effectively preventing the provision from applying to any future nuclear plant certifications
- Requires utilities to recover financing costs from customers through a separate rate tariff, allocated on an equal percentage basis to standard base tariffs designed to collect embedded capacity costs
- Financing charges must be based on the utility's actual cost of debt (from its annual surveillance report) and the authorized cost of equity capital and capital structure set by the commission
- Preserves the commission's discretion to consider the impact of the nuclear financing tariff when setting senior or low-income assistance levels, with income qualification set at 200 percent of the federal poverty level
- Amends Code Section 46-2-25 of the Official Code of Georgia Annotated, relating to procedures for changing rates, charges, classifications, or services
Legislative Description
Public Utilities; recovery of the costs of financing the construction of a nuclear generating plant; applicability of provisions; change
Last Action
Senate Hopper
2/13/2018
Full Bill Text
No bill text available