H-8387

   Amend  the amendment, H-8339, to House File 2551, as follows:
   1.  Page 2, after line 10 by inserting: 
   <e.  “Load ratio share” means the amount, expressed as a percentage, of a public power utility’s electric load divided by the total electric load in the applicable incumbent electric transmission owner’s pricing zone.>
   2.  Page 2, line 11, by striking <e.> and inserting <e. f.>
   3.  Page 2, after line 14 by inserting: 
   <g.  “Public power utility” means a municipally owned utility or a rural electric cooperative that receives transmission service from an incumbent electric transmission owner and that is subject to regional cost allocation for the electric transmission line. “Public power utility” does not include an incumbent electric transmission owner or any member of an incumbent electric transmission owner that is seeking to exercise the rights described in subsection 3, paragraph “a”, for a proposed electric transmission line.>
   4.  Page 2, line 15, by striking <f.> and inserting <h.>
   5.  Page 2, line 18, by striking <3.> and inserting <3. a.>
   6.  Page 3, after line 2 by inserting: 
   <b.  An eligible incumbent electric transmission owner exercising the right to construct, own, and maintain an electric transmission line pursuant to paragraph “a” shall provide public power utilities an opportunity to jointly own a portion of the electric transmission line based on load ratio share, pursuant to a written agreement. A public power utility may transfer or assign joint ownership rights acquired under this section to another public power utility by mutual consent of the contracting parties. Notwithstanding any language to the contrary in this section or section 478.18, the provisions of this subsection shall not apply to eligible electric transmission lines identified in the midcontinent independent system operator long range transmission planning tranche 1, approved on July 25, 2022, including any subsequent evaluations, modifications, alterations, designations, or approval thereof.>
   7.  Page 3, line 8, by striking <authority,> and inserting <authority and would otherwise be subject to a competitive developer process,>
   8.  Page 3, line 19, after <this chapter.> by inserting <The incumbent electric transmission owner shall update the notice to construct an electric transmission line to include information concerning the implementation of public power utility joint ownership as described in subsection 3, paragraph “b”, within thirty days after a written agreement has been reached between the parties.>

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JONES of Clay