Bill Text: CT SB00273 | 2011 | General Assembly | Introduced

Connecticut Senate Bill 273 (Prior Session Legislation)

Introduced

Bill Title: An Act Concerning The Securitization Of Electric Energy Surcharges.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-01-20 - Referred to Joint Committee on Finance, Revenue and Bonding [SB00273 Detail]

Download: Connecticut-2011-SB00273-Introduced.html


General Assembly		*Proposed Bill No. 273*
*January Session, 2011*		LCO No. 1232

Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. WELCH, 31^st Dist.

AN ACT CONCERNING THE SECURITIZATION OF ELECTRIC ENERGY SURCHARGES.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to repeal the securitization of competitive transition assessment charges, as contained in public act 10-179, and to add a prohibition against securitizing any future charges on electric rate payers.

Statement of Purpose:

To repeal the energy surcharge for economic recovery revenue bonds and prohibit the use of energy surcharges to pay for general fund expenditures or deficits.