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GA SB364
Bill
Status
Introduced
2/4/2020
Primary Sponsor
Steve Gooch
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AI Summary
- Removes the existing 15% cap on investments, loans, and debt guarantees that an electric membership corporation (EMC) may make and maintain in an EMC gas affiliate, previously limited to 15% of the EMC's net utility plant (excluding generation and transmission assets)
- Retains the requirement that EMC investments or loans to gas affiliates must not reflect rates generally available through tax-exempt financing and may not be tied to loans from or guaranteed by the federal or state government
- Preserves the ability of EMC gas affiliates to apply for and receive a certificate of authority to provide authorized gas services
- Does not alter the authority or jurisdiction of the Public Service Commission over EMCs except as to gas activities undertaken by the EMC or its gas affiliate
- Amends Code Section 46-4-164 of Title 46 of the Official Code of Georgia Annotated
Legislative Description
Public Utilities and Public Transportation; percentage limitation; amount of the investments an electric membership corporation may make in a gas affiliate; eliminate
Last Action
Senate Read and Referred
2/5/2020
Full Bill Text
No bill text available