Senate Amendment 3167


PAG LIN




     1  1    Amend Senate File 405 as follows:
     1  2 #1.  Page 1, by striking lines 3 through 13, and
     1  3 inserting the following:
     1  4    <In addition to the powers conferred upon a city
     1  5 elsewhere in this chapter, any city operating a city
     1  6 electric utility on January 1, 2003, may enter into
     1  7 agreements with and acquire equity interests in
     1  8 independent transmission companies or similar
     1  9 independent transmission entities in which they are
     1 10 participating that are approved by the federal energy
     1 11 regulatory commission.  The purpose of such equity
     1 12 investments shall be to mitigate expenses incurred by
     1 13 the city electric utility due to its procurement of
     1 14 electric transmission service or to otherwise
     1 15 facilitate investment in transmission facilities and
     1 16 shall not be for general city or city utility
     1 17 investment purposes.>
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     1 21 BRYAN J. SIEVERS
     1 22 SF 405.501 80
     1 23 jj/pj
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