S.Amdt. 189
What it does: Adds SEC. 7__. NEW ELECTRIC UTILITY ENTITIES SERVING EXTREMELY HIGH-COST COMMUNITIES on page 80, between lines 3 and 4
Sen. Daniel K. Inouye (D-HI)What it changes
1 change to H.J.Res. 2
Adds SEC. 7__. NEW ELECTRIC UTILITY ENTITIES SERVING EXTREMELY HIGH-COST COMMUNITIES on page 80, between lines 3 and 4
Adds a sectionPrinted pageInserted: SEC. 7__. NEW ELECTRIC UTILITY ENTITIES SERVING EXTREMELY HIGH-COST COMMUNITIES.
Inserted: (a) In General.--Section 19 of the Rural Electrification Act of 193 (7 U.S.C. 918a) is amended--
Inserted: (1) by redesignating subsection (b) as subsection (c); and
Inserted: (2) by inserting after subsection (a) the following:
Inserted: "(b) Acquisition by Consumer-Owned Entities of Assets of an Electric Utility.--A consumer-owned entity that acquires the assets of an electric utility providing electricity to residential customers at a rate exceeding 18 cents per kilowatt hour shall be eligible to receive a grant under subsection (a) for the purposes of--
Inserted: "(1) paying any transaction, transition, or other organizational costs associated with the acquisition; and
Inserted: "(2) if the Secretary determines that relocation and refurbishment of any generation asset of the electric utility will enhance efforts to reduce overall electric costs in the community served, paying the costs of relocation and refurbishment.".
Inserted: (b) Applicability of Amendment.--The amendment made by subsection (a) applies to a consumer-owned entity that acquires the assets of an electric utility on or after the date that is 2 years before the date of enactment of this Act.
Original wording
On page 80, between lines 3 and 4, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 189. Mr. INOUYE submitted an amendment intended to be proposed by him to the joint resolution H.J. Res. 2, making further continuing appropriations for the fiscal year 2003, and for other purposes; which was ordered to lie on the table; as follows:
On page 80, between lines 3 and 4, insert the following:
SEC. 7__. NEW ELECTRIC UTILITY ENTITIES SERVING EXTREMELY HIGH-COST COMMUNITIES.
(a) In General.--Section 19 of the Rural Electrification Act of 193 (7 U.S.C. 918a) is amended--
(1) by redesignating subsection (b) as subsection (c); and
(2) by inserting after subsection (a) the following:
“(b) Acquisition by Consumer-Owned Entities of Assets of an Electric Utility.--A consumer-owned entity that acquires the assets of an electric utility providing electricity to residential customers at a rate exceeding 18 cents per kilowatt hour shall be eligible to receive a grant under subsection (a) for the purposes of--
“(1) paying any transaction, transition, or other organizational costs associated with the acquisition; and
“(2) if the Secretary determines that relocation and refurbishment of any generation asset of the electric utility will enhance efforts to reduce overall electric costs in the community served, paying the costs of relocation and refurbishment.”.
(b) Applicability of Amendment.--The amendment made by subsection (a) applies to a consumer-owned entity that acquires the assets of an electric utility on or after the date that is 2 years before the date of enactment of this Act.
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Senate amendment submitted
January 21, 2003