Text: SF00190 Text: SF00192 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 476.6, Code 2001, is amended by adding
1 2 the following new subsection:
1 3 NEW SUBSECTION. 25. LOW-INCOME FUNDING. Moneys collected
1 4 by rate-regulated gas utilities pursuant to subsection 19,
1 5 paragraph "e", that represent unrecovered amounts for the gas
1 6 portions of energy efficiency plans approved prior to July 1,
1 7 1996, shall be paid, up to a maximum of twenty million dollars
1 8 per year, to the department of human rights. The moneys paid
1 9 to the department shall be used to provide financial
1 10 assistance to eligible low-income customers of gas public
1 11 utilities, as defined by the federal low-income heating energy
1 12 assistance program guidelines, in paying their natural gas
1 13 bills. The board shall adopt rules specifying each rate-
1 14 regulated gas utility's share of the fund and each utility's
1 15 allocation methods among residential and other firm customers,
1 16 but a customer's rates shall not increase as a result of this
1 17 subsection. These funds shall be paid to the department until
1 18 July 1, 2003, at which time rate-regulated gas utilities may
1 19 continue recovery of any remaining amounts for the gas
1 20 portions of energy efficiency plans approved prior to July 1,
1 21 1996.
1 22 The board may direct, upon the department of human rights'
1 23 request, all rate-regulated gas utilities to advance a maximum
1 24 of twenty million dollars to the department, pursuant to the
1 25 allocation methods adopted by the board, to allow for the
1 26 provision of immediate financial assistance to eligible
1 27 customers. A rate-regulated gas utility advancing moneys
1 28 shall have the amount of the advance added to the unpaid
1 29 amount of the gas portion of its energy efficiency plan
1 30 approved prior to July 1, 1996, and interest shall be paid on
1 31 any moneys advanced at a rate equal to the interest paid on
1 32 the unrecovered gas portions of energy efficiency plans
1 33 approved prior to July 1, 1996.
1 34 Sec. 2. EFFECTIVE DATE. This Act, being deemed of
1 35 immediate importance, takes effect upon enactment.
2 1 EXPLANATION
2 2 This bill provides financial assistance to low-income
2 3 customers of gas public utilities. The bill provides that
2 4 moneys collected by rate-regulated utilities that represent
2 5 unrecovered moneys for the gas portions of energy efficiency
2 6 plans approved prior to July 1, 1996, shall be paid, up to a
2 7 maximum of $20 million per year, to the department of human
2 8 rights. The bill provides that the moneys shall be used for
2 9 purposes of providing eligible customers of gas public
2 10 utilities with financial assistance in paying their natural
2 11 gas bills. The bill provides that the utilities board shall
2 12 determine each rate-regulated gas utility's share of the fund
2 13 and each utility's allocation methods among residential and
2 14 other firm customers. The bill provides that a customer's
2 15 rates shall not increase as a result of the bill. The bill
2 16 provides that moneys shall continue to be paid to the
2 17 department until July 1, 2003.
2 18 The bill provides that the department may request the board
2 19 to direct all rate-regulated gas utilities to advance a
2 20 maximum $20 million to the department to allow immediate
2 21 financial assistance to eligible customers.
2 22 The bill takes effect upon enactment.
2 23 LSB 1625XS 79
2 24 tm/cf/24
Text: SF00190 Text: SF00192 Text: SF00100 - SF00199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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