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House Amendment 1201

Amendment Text

PAG LIN
  1  1    Amend House File 564 as follows:
  1  2    #1.  Page 1, line 1, by striking the words and
  1  3 figures "subsection 1, Code 1997, is" and inserting
  1  4 the following:  "subsections 1 and 3, Code 1997, are".
  1  5    #2.  Page 1, line 9, by inserting after the word
  1  6 "interest." the following:  "The proposal shall
  1  7 include information concerning each of the
  1  8 considerations identified in subsection 3.
  1  9    3.  In its review of a proposal for reorganization,
  1 10 the board may consider all of the following:
  1 11    a.  Whether the board will have reasonable access
  1 12 to books, records, documents, and other information
  1 13 relating to the public utility or any of its
  1 14 affiliates.
  1 15    b.  Whether the public utility's ability to attract
  1 16 capital on reasonable terms, including the maintenance
  1 17 of a reasonable capital structure, is impaired.
  1 18    c.  Whether the ability of the public utility to
  1 19 provide safe, reasonable, and adequate service is
  1 20 impaired, including whether the reorganized public
  1 21 utility will maintain administrative, technical, and
  1 22 operational personnel within this state necessary for
  1 23 the delivery of safe, reasonable, and adequate service
  1 24 and facilities.
  1 25    d.  Whether ratepayers are detrimentally affected
  1 26 to the fullest extent possible, the reorganization
  1 27 will produce demonstrable, direct, and substantial net
  1 28 benefits to affected ratepayers in both the short-term
  1 29 and long-term, and that all classes of ratepayers will
  1 30 receive similar benefits.
  1 31    e.  Whether the reorganization will have an adverse
  1 32 impact on competition in this state for any utility
  1 33 service.
  1 34    f.  Whether the reorganization will benefit local
  1 35 and state economies, including job creation and
  1 36 retention, and the communities in the area served by
  1 37 the public utility.
  1 38    g.  Whether the reorganization will maintain and
  1 39 improve the ability of the state to protect and
  1 40 improve the environment, promote renewable energy,
  1 41 require energy conservation, and require long-term
  1 42 resource planning by public utilities.
  1 43    e. h.  Whether the public interest is detrimentally
  1 44 affected." 
  1 45 
  1 46 
  1 47                               
  1 48 VANDE HOEF of Osceola
  1 49 HF 564.203 77
  1 50 mj/jj/28
     

Text: H01200                            Text: H01202
Text: H01200 - H01299                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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