General Assembly Committee Bill No. 5469
January Session, 2015 LCO No. 5360
*05360HB05469ET_*
Referred to Committee on ENERGY AND TECHNOLOGY
Introduced by:
(ET)
General Assembly
Committee Bill No. 5469
January Session, 2015
LCO No. 5360
*05360HB05469ET_*
Referred to Committee on ENERGY AND TECHNOLOGY
Introduced by:
(ET)
AN ACT REQUIRING MUNICIPAL ELECTRIC UTILITIES TO RETURN CORPORATE SECURITY DEPOSITS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 7-222 of the general statutes is amended by adding subsection (c) as follows (Effective October 1, 2015):
(NEW) (c) Each municipal electric utility, as defined in section 7-233b of the general statutes, shall return seventy-five per cent of the deposit, as described in subsection (a) of this section, to each nonresidential electric customer after such customer makes continuous and timely payments for electric service for a period of nine months.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2015 7-222
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2015
7-222
Statement of Purpose:
To create a deposit return procedure for municipal electric utilities.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
Co-Sponsors: REP. RUTIGLIANO, 123rd Dist.
Co-Sponsors:
REP. RUTIGLIANO, 123rd Dist.
H.B. 5469