This bill permits an investor-owned transmission and distribution utility to own, have a financial interest in or otherwise control generation or generation-related assets in accordance with terms, conditions and standards of conduct adopted by the Public Utilities Commission. The commission must adopt major substantive rules that ensure that the ratepayers of an investor-owned transmission and distribution utility are not responsible for the costs of that investor-owned transmission and distribution utility's generation or
43 generation-related assets except as approved by the commission; require the accounts and
44 records of the investor-owned transmission and distribution utility to be kept separate from
45 the accounts and records associated with any generation or generation-related assets owned
46 by the utility; and protect ratepayers. The commission's rules may also establish standards
47 of conduct applicable to the ownership of generation or generation-related assets by an
48 affiliate of an investor-owned transmission and distribution utility.

Statutes affected:
Bill Text LD 1592, HP 1050: 35-A.3202, 35-A.3204, 35-A.3604, 35-A.3624