This amendment deletes the provisions in Senate Bill No.

Plain English Breakdown

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Amendment Removing Expense Cap for Electric Companies

This amendment removes limits on how much money electric distribution companies can spend each year.

What This Bill Does

• Deletes specific lines from Senate Bill No. 60 and its amendments to remove the expense cap.
• Removes a limit of $125 million that electric distribution companies could spend yearly on capital expenses.

Who It Names or Affects

• Electric distribution companies that were previously limited in their yearly capital expenses.

Terms To Know

Capital Expenses

Money spent on big purchases like buildings, equipment, or other long-term assets.

Amendment

A change made to a bill before it becomes law.

Limits and Unknowns

• The amendment does not specify new limits for capital expenses after removing the $125 million cap.
• It is unclear what impact this will have on electric companies' spending in future years.

Official Summary Text

This amendment deletes the provisions in Senate Bill No. 60 and in Senate Amendment No. 2 to Senate Bill No. 60 that place a cap on annual capital expenses in the amount of $125 million for electric distribution companies.

Current Bill Text

Legislation Document

SPONSOR:

Rep. Heffernan

HOUSE OF REPRESENTATIVES

153rd GENERAL ASSEMBLY

HOUSE AMENDMENT NO. 2

TO

SENATE BILL NO. 60

AMEND Senate Bill No. 60, as amended by Senate Amendment No. 2, by deleting lines 35 through 40 of Senate Bill No. 60.

FURTHER AMEND Senate Bill No. 60, as amended by Senate Amendment No. 2, by deleting lines 6 through 14 of Senate Amendment No. 2.

SYNOPSIS

This amendment deletes the provisions in Senate Bill No. 60 and in Senate Amendment No. 2 to Senate Bill No. 60 that place a cap on annual capital expenses in the amount of $125 million for electric distribution companies.