11 LC
14 0356
House
Bill 16
By:
Representative Franklin of the
43rd
A
BILL TO BE ENTITLED
AN ACT
To
repeal provisions of law enacted by the "Georgia Nuclear Energy Financing Act"
approved April 21, 2009 (Ga. L. 2009, p. 39); to state legislative findings; to
amend Code Section 46-2-25 of the Official Code of Georgia Annotated, relating
to the procedure for changing any rate, charge, classification, or service, so
as to eliminate provisions for a utility to recover from its customers the costs
of financing associated with the construction of a nuclear generating plant; to
provide for related matters; to provide for an effective date; to repeal
conflicting laws; and for other purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
The
General Assembly finds that the provisions of law adopted by the "Georgia
Nuclear Energy Financing Act," approved April 21, 2009 (Ga. L. 2009, p. 39), are
no longer necessary or appropriate because of the federal government has
announced its intention to assume an increased role in the financing of nuclear
energy facilities, thereby eliminating the need for Georgia's current rate
payers to prepay for future use.
SECTION
2.
Code
Section 46-2-25 of the Official Code of Georgia Annotated, relating to the
procedure for changing any rate, charge, classification, or service, is amended
by repealing subsection (c.1).
SECTION
3.
This
Act shall become effective upon its approval by the Governor or upon its
becoming law without such approval.
SECTION
4.
All
laws and parts of laws in conflict with this Act are repealed.