General Assembly Proposed Bill No. 273
January Session, 2011 LCO No. 1232
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. WELCH, 31st Dist.
General Assembly
Proposed Bill No. 273
January Session, 2011
LCO No. 1232
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. WELCH, 31st Dist.
AN ACT CONCERNING THE SECURITIZATION OF ELECTRIC ENERGY SURCHARGES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to repeal the securitization of competitive transition assessment charges, as contained in public act 10-179, and to add a prohibition against securitizing any future charges on electric rate payers.
Statement of Purpose:
To repeal the energy surcharge for economic recovery revenue bonds and prohibit the use of energy surcharges to pay for general fund expenditures or deficits.