SB 545 - Schmitt, Eric
Makes certain previously exempted electric cooperatives henceforth subject to rate regulation under the Public Service Commission
Bill Details
Sponsor
LR Number
2110S.01I
Title
SB 545
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2009
Current Status
S Formal Calendar S Bills for Perfection--SB 545-Schmitt
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 545 - Under current law, electrical corporations that operate on the not-for-profit cooperative business plan are exempt from regulation under the Public Service Commission (PSC) with regard to rates. This act removes the exemption and thereby gives the PSC jurisdiction over the rates set by such cooperatives.
ERIKA JAQUES