This amendment deletes the provisions in Senate Bill No.

Plain English Breakdown

The effective date is not provided in the official source material.

Amendment Removing Capital Expense Cap

This amendment removes rules from Senate Bill No. 60 and its related amendments that limited annual capital expenses to $125 million for electric distribution companies.

What This Bill Does

• Deletes lines in Senate Bill No. 60 that set a spending limit on annual capital expenses.
• Removes the $125 million cap on annual capital expenses for electric distribution companies found in Senate Amendment No. 2 to Senate Bill No. 60.

Who It Names or Affects

• Electric distribution companies

Limits and Unknowns

• The official text does not state when this change takes effect.
• The source does not explain why the cap was removed or what will replace it.

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.