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GA HB761
Bill
Status
Engrossed
3/12/2020
Primary Sponsor
John Carson
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AI Summary
- Increases the cap on investments an electric membership corporation (EMC) may make in an EMC gas affiliate from 15 percent to 60 percent of the corporation's net utility plant value
- Net utility plant value excludes electric generation and transmission assets as defined by the Federal Energy Regulatory Commission Uniform System of Accounts
- Investments and loans to gas affiliates must not reflect rates available through tax-exempt financing and may not be tied to loans from or guaranteed by federal or state government
- EMC gas affiliates may continue to apply for and receive certificates of authority to provide services authorized under the applicable article
- Amends Code Section 46-4-164 of Title 46 of the Official Code of Georgia Annotated, relating to public utilities and public transportation
Legislative Description
Public utilities and public transportation; eliminate percentage limitation as to the amount of the investments an electric membership corporation may make and maintain in a gas affiliate
Last Action
Senate Read and Referred
3/13/2020
Full Bill Text
No bill text available