This bill changes the mechanism by which a transmission and distribution utility is required to remit the value of unused kilowatt-hour credits that were accumulated and that expired during the prior calendar year by requiring the utility to remit the value to the administrators of the statewide low-income assistance plan and the individual low-income assistance programs instead of the Public Utilities Commission. It also changes the date for remittance from January 1st to April 1st and requires that the commission, by rule, adopt provisions regarding the manner by which the transmission and distribution utility must report to the commission information regarding the number of unused kilowatt-hour credits that were accumulated by all customers of the utility with net energy billing arrangements during the prior calendar year and that expired during the prior calendar year and the monetary value of those credits.

Statutes affected:
Bill Text LD 905, SP 394: 35-A.3209