Senate Amendment 3164


PAG LIN




     1  1    Amend the amendment, S=3089, to Senate File 355 as
     1  2 follows:
     1  3 #1.  Page 1, by striking lines 2 through 5 and
     1  4 inserting the following:
     1  5    <#   .  Page 3, by striking lines 14 through 32 and
     1  6 inserting the following:
     1  7    <a.  The board shall establish a community=based
     1  8 wind energy project tariff for each utility service
     1  9 area.  The board shall calculate the tariff for a
     1 10 period of twenty years using net present value
     1 11 calculations.  The discount rate required to calculate
     1 12 the net present value shall be that discount rate used
     1 13 by the electric utility for other purposes in the
     1 14 ordinary course of the electric utility's business.
     1 15 The tariff established by the board pursuant to this
     1 16 subsection shall be at a sufficient rate to provide an
     1 17 incentive for the development of community=based wind
     1 18 energy projects, and shall be established at a higher
     1 19 rate for the first ten years of the power purchase
     1 20 agreement than in the last ten years of the power
     1 21 purchase agreement.>>
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     1 24                               
     1 25 JOHN P. KIBBIE
     1 26 SF 355.204 82
     1 27 rn/es/7968
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