HB403: Electric utilities; temporary power purchase agreements.

Legislative Summary

Electric utilities; temporary power purchase agreements. Provides that if the State Corporation Commission determines that, due to transmission constraints, a public utility is not able to furnish electric service sufficient to meet the current and reasonably anticipated requirements of a customer located in such public utility's service territory, such customer shall be permitted to enter into a temporary power purchase agreement with a third party that shall be authorized to own and operate a facility generating zero-carbon electricity located on such customer's site to serve part or all of such customer's electric service requirements. Under the bill, such authorization shall extend for at least six years.