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.> 1 18 1 19 1 20 1 21 BRYAN J. SIEVERS 1 22 SF 405.501 80 1 23 jj/pj 1 24 1 25 1 26 1 27 1 28 1 29 1 30 1 31 1 32 1 33 1 34 1 35 1 36 1 37 1 38 1 39 1 40 1 41 1 42 1 43 1 44 1 45 1 46 1 47 1 48 1 49 1 50 -1-