Plain English Breakdown
The official text uses 'SEU' without explicitly defining it as an acronym, though context implies it refers to a utility entity.
Amendment Allowing Private Contributions to the Delaware Energy Fund
This amendment allows corporations, other people, and utilities to contribute money to the Delaware Energy Fund or directly to a Specific Eligible Utility (SEU), with utility donations restricted for their own eligible customers.
What This Bill Does
- Allows corporations or other people to contribute money to the Delaware Energy Fund.
- Permits contributions directly to a Specific Eligible Utility (SEU) in furtherance of the section's purposes.
- Allows non-governmental contributors to restrict their donations under an agreement with the fund.
- Limits funds from utility companies so they can only help customers of that specific utility who are eligible for assistance.
Who It Names or Affects
- Corporations or other people making contributions
- Utility companies donating to the Delaware Energy Fund
- Customers of contributing utilities who qualify for assistance under this Act
Terms To Know
- Delaware Energy Fund
- A fund that receives contributions from corporations, other people, and utilities.
- Specific Eligible Utility (SEU)
- The utility entity that may receive direct contributions in furtherance of the section's purposes.
Limits and Unknowns
- The official text does not state when this amendment becomes effective.
- The source material does not define specific dollar amounts for contributions.
- Details on how agreements with contributors are enforced are not included in the provided excerpt.