SB 545 – Makes certain previously exempted electric cooperatives henceforth subject to rate regulation under the Public Service Commission

• Sponsor: Schmitt
• LR Number: 2110S.01I
• Committee: Commerce, Consumer Protection, Energy and the Environment
• Last Action: 5/15/2009 - S Formal Calendar S Bills for Perfection--SB 545-Schmitt
• Calendar Position: 2
• Effective Date: August 28, 2009

Current Bill Summary

SB 545 - Under current law, electrical corporations that operate on the not-for-profit cooperative business plan are exempt from regulation under the Public Service Commission (PSC) with regard to rates. This act removes the exemption and thereby gives the PSC jurisdiction over the rates set by such cooperatives.

ERIKA JAQUES