LCO No. 5047 1 of 17 General Assembly Raised Bill No. 961 January Session, 2019 LCO No. 5047 Referred to Committee on ENERGY AND TECHNOLOGY Introduced by: (ET) AN ACT CONCERNING MU NICIPAL ELECTRIC UTILITIES AND MUNICIPAL ELECTRIC ENERGY COOPERATIVES. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Section 2-90 of the general statutes is repealed and the 1 following is substituted in lieu thereof (Effective from passage): 2 (a) The Auditors of Public Accounts shall organize the work of their 3 office in such manner as they deem most economical and efficient and 4 shall determine the scope and frequency of any audit they conduct. 5 (b) Said auditors, with the Comptroller, shall, at least annually and 6 as frequently as they deem necessary, audit the books and accounts of 7 the Treasurer, including, but not limited to, trust funds, as defined in 8 section 3-13c, and certify the results to the Governor. The auditors 9 shall, at least annually and as frequently as they deem necessary, audit 10 the books and accounts of the Comptroller and certify the results to the 11 Governor. They shall examine and prepare certificates of audit with 12 respect to the financial statements contained in the annual reports of 13 the Treasurer and Comptroller, which certificates shall be made part of 14 Raised Bill No. 961 LCO No. 5047 2 of 17 such annual reports. In carrying out their responsibilities under this 15 section, said auditors may retain independent auditors to assist them. 16 (c) Said auditors shall audit, on a biennial basis if deemed most 17 economical and efficient, or as frequently as they deem necessary, the 18 books and accounts of each officer, department, commission, board 19 and court of the state government, all institutions supported by the 20 state and all public and quasi-public bodies, politic and corporate, 21 created by public or special act of the General Assembly and not 22 required to be audited or subject to reporting requirements, under the 23 provisions of chapter 111. Each such audit may include an examination 24 of performance in order to determine effectiveness in achieving 25 expressed legislative purposes. The auditors shall report their findings 26 and recommendations to the Governor, the State Comptroller and the 27 joint standing committee of the General Assembly having cognizance 28 of matters relating to appropriations and the budgets of state agencies. 29 (d) The Auditors of Public Accounts may enter into such contractual 30 agreements as may be necessary for the discharge of their duties. Any 31 audit or report which is prepared by a person, firm or corporation 32 pursuant to any contract with the Auditors of Public Accounts shall 33 bear the signature of the person primarily responsible for the 34 preparation of such audit or report. As used in this subsection, the 35 term "person" means a natural person. 36 (e) (1) If the Auditors of Public Accounts discover, or if it should 37 come to their knowledge, that any unauthorized, illegal, irregular or 38 unsafe handling or expenditure of state funds or quasi-public agency 39 funds or any breakdown in the safekeeping of any resources of the 40 state or a quasi-public agency has occurred or is contemplated, they 41 shall forthwith report the facts to the Governor, the State Comptroller, 42 the clerk of each house of the General Assembly and the Attorney 43 General, except that if a matter reported to the Auditors of Public 44 Accounts pursuant to section 4-33a is still under investigation by a 45 state or quasi-public agency, the Auditors of Public Accounts may give 46 the agency a reasonable amount of time to conduct such investigation 47 Raised Bill No. 961 LCO No. 5047 3 of 17 prior to the auditors reporting the matter to said officials. (2) If the 48 Auditors of Public Accounts decide to delay reporting such matter in 49 accordance with subdivision (1) of this subsection, the auditors shall 50 immediately notify the Attorney General of such decision. (3) Any 51 Auditor of Public Accounts neglecting to make the report required 52 under subdivision (1) of this subsection, or any agent of the auditors 53 neglecting to report to the Auditors of Public Accounts any such 54 matter discovered by such agent or coming to such agent's knowledge, 55 shall be fined not more than one hundred dollars or imprisoned not 56 more than six months, or both. 57 (f) All reports issued or made pursuant to this section shall be 58 retained in the offices of the Auditors of Public Accounts for a period 59 of not less than five years. The auditors shall file one copy of each such 60 report with the State Librarian. 61 (g) Each state agency shall keep its accounts in such form and by 62 such methods as to exhibit the facts required by said auditors and, the 63 provisions of any other general statute notwithstanding, shall make all 64 records and accounts available to them or their agents, upon demand. 65 (h) Where there are statutory requirements of confidentiality with 66 regard to such records and accounts or examinations of 67 nongovernmental entities which are maintained by a state agency, 68 such requirements of confidentiality and the penalties for the violation 69 thereof shall apply to the auditors and to their authorized 70 representatives in the same manner and to the same extent as such 71 requirements of confidentiality and penalties apply to such state 72 agency. In addition, the portion of (1) any audit or report prepared by 73 the Auditors of Public Accounts that concerns the internal control 74 structure of a state information system or the identity of an employee 75 who provides information regarding alleged fraud or weaknesses in 76 the control structure of a state agency that may lead to fraud, or (2) any 77 document that may reveal the identity of such employee, shall not be 78 subject to disclosure under the Freedom of Information Act, as defined 79 in section 1-200. 80 Raised Bill No. 961 LCO No. 5047 4 of 17 (i) Said auditors shall audit, in accordance with the provisions of 81 section 10-91g, the records and accounts of any private provider of 82 special education services, as defined in said section. Any private 83 provider of special education services being audited by said auditors 84 shall provide any information said auditors deem necessary to conduct 85 such audit. 86 (j) Said auditors shall audit, in accordance with the provisions of 87 chapter 101a, the records and accounts of any municipal electric 88 energy cooperative, as defined in said chapter. Any municipal electric 89 energy cooperative being audited by said auditors shall provide any 90 information said auditors deem necessary to conduct such audit. 91 Sec. 2. Subsection (a) of section 7-121f of the general statutes is 92 repealed and the following is substituted in lieu thereof (Effective from 93 passage): 94 (a) There is established a Municipal Electric Consumer Advocate to 95 act as an independent advocate for consumer interests in all matters 96 which may affect municipal electric energy cooperative consumers, 97 including, but not limited to, electric rates. Costs related to the 98 Municipal Electric Consumer Advocate, including, but not limited to, 99 hourly fees, [and] necessary expenses and fees for consultants hired by 100 the Municipal Electric Consumer Advocate as needed, shall be paid for 101 by all municipal electric energy cooperatives. The annual amount of 102 such costs (1) for such consultants shall not exceed thirty thousand 103 dollars, and (2) for all other fees and expenses that are not for 104 consultants shall not exceed seventy thousand dollars for the first 105 [year] six years and fifty thousand dollars for each year thereafter, 106 unless there is a demonstration of substantial need made by the 107 Municipal Electric Consumer Advocate and approved by the 108 cooperative utility boards of all municipal electric energy cooperatives. 109 Sec. 3. Section 7-221 of the general statutes is repealed and the 110 following is substituted in lieu thereof (Effective from passage): 111 (a) The books and accounts pertaining to the business authorized by 112 Raised Bill No. 961 LCO No. 5047 5 of 17 this chapter shall be kept in a form to be prescribed by the board of 113 commissioners, and the accounts shall be closed on the last day of July 114 in each year, so that a balance sheet of that date can be taken therefrom 115 and included in the report of such board, as provided in section 7-216, 116 which report shall further contain an account of the financial condition 117 of such business, the amount of indebtedness authorized or existing on 118 account thereof and a list of the salaried officers employed therein and 119 the amount of salary paid to each, and shall be accompanied with a 120 statement, to be signed and sworn to by the clerk and superintendent 121 mentioned in section 7-216, of the income and expenses of such 122 business, in such detail as the board of commissioners requires. The 123 selectmen of a town, the mayor of a city or the warden and burgesses 124 of a borough may direct any additional returns to be made by the 125 board of commissioners or by the superintendent and clerk at such 126 times and in such detail as they order. 127 (b) Any municipality or board of commissioners appointed 128 pursuant to this section shall seek to recover any legal fees and costs 129 such municipality or board of commissioners incurs arising out of the 130 criminal defense of any officer or employee of such board of 131 commissioners or a municipal electric energy cooperative of which it is 132 a member from such officer or employee where (1) such officer or 133 employee has a judgment entered against him or her in a criminal 134 court of law, or (2) such officer or employee enters into a plea 135 agreement concerning criminal charges. 136 (c) Any municipality or board of commissioners appointed pursuant 137 to this section shall annually disclose its capital and operating budgets, 138 provided no municipality or board of commissioners appointed 139 pursuant to this section may redact any portion of such budgets. A 140 municipality or board of commissioners appointed pursuant to this 141 section shall post on its Internet web site such budgets not later than 142 forty-eight hours after such budgets are approved by such 143 municipality or board of commissioners. 144 (d) A municipality or board of commissioners appointed pursuant 145 Raised Bill No. 961 LCO No. 5047 6 of 17 to this section shall annually disclose any executed agreements, 146 including contracts, that it enters into that are not related to matters of 147 personnel. Provisions of any such agreements shall not be considered 148 trade secrets pursuant to section 1-210. Such municipality or board of 149 commissioners shall post on its Internet web site such agreements not 150 later than forty-eight hours after such agreements are approved by the 151 municipality or board of commissioners appointed pursuant to this 152 section. 153 Sec. 4. Subsection (d) of section 7-233c of the general statutes is 154 repealed and the following is substituted in lieu thereof (Effective from 155 passage): 156 (d) (1) Upon appointment of its representatives by the member 157 municipal electric utilities and legislative bodies of the municipalities 158 in which such member municipal electric utilities operate, the 159 cooperative utility board shall organize, select its chairman and vice-160 chairman from among said board and proceed to consider those 161 matters which have been recommended to it by the several members 162 of the municipal electric energy cooperative. 163 (2) The cooperative utility board may hold such meetings and 164 public hearings as it deems desirable and the powers of the municipal 165 electric energy cooperative shall be vested in the representatives 166 thereof in office from time to time. The cooperative utility board shall 167 hold any such meetings and public hearings in the state. The 168 municipal electric energy cooperative shall post on its Internet web site 169 and provide to participants notice of and the agenda for each meeting 170 and public hearing, and any changes made thereto, not later than five 171 days before such meeting or public hearing. Each participant shall post 172 on its Internet web site and provide to the municipality in which it 173 operates such notice, agenda and changes not later than four days 174 before such meeting or public hearing. Each such municipality shall 175 post on its Internet web site such notice, agenda and changes not later 176 than three days before such meeting or public hearing. 177 Raised Bill No. 961 LCO No. 5047 7 of 17 (3) A majority of the entire authorized number of representatives of 178 the municipal electric energy cooperative shall constitute a quorum at 179 any meeting thereof. Action may be taken, motions voted and 180 resolutions adopted by the municipal electric energy cooperative at 181 any meeting of the cooperative utility board by vote of a majority of 182 the representatives present, unless in any case the bylaws of a 183 municipal electric energy cooperative or an amendment to such 184 bylaws shall require [a larger number for adoption or any 185 representative of the cooperative utility board requests that the vote be 186 based on megawatt-hour purchases. If such a request is made, (A) each 187 representative shall have a number of votes equal to the total number 188 of megawatt-hours purchased from the municipal electric energy 189 cooperative during the preceding completed calendar year by the 190 member municipal electric utility which appointed such representative 191 or which operates in the municipality whose legislative body 192 appointed such representative, provided, if the municipal electric 193 energy cooperative includes a new member municipal electric utility 194 which purchased part or all of its power and energy from a supplier or 195 suppliers other than the municipal electric energy cooperative during 196 such year, each representative appointed by such new member 197 municipal electric utility or the legislative body of the municipality in 198 which such new member municipal electric utility operates shall have 199 a number of votes equal to the total megawatt-hours purchased by 200 such new member from such other suppliers during such year plus the 201 total number of megawatt-hours purchased from the municipal electric 202 energy cooperative during such year, and (B) any action, motion or 203 resolution taken, voted or adopted by the municipal electric energy 204 cooperative at such meeting shall be by a favorable vote of sixty-seven 205 per cent or more of the total of such votes of the representatives who 206 are present at the meeting and who vote, provided at least a majority 207 of the members of the municipal electric energy cooperative approves 208 such action, motion or resolution] a majority vote of the entire 209 cooperative utility board. Notwithstanding any provision of this 210 subsection or of subsection (g) of this section to the contrary, a 211 unanimous vote of all of the representatives of the municipal electric 212 Raised Bill No. 961 LCO No. 5047 8 of 17 energy cooperative shall be required before said municipal electric 213 energy cooperative can exercise the power of condemnation or 214 eminent domain provided in this chapter. 215 (4) The municipal electric energy cooperative shall post on its 216 Internet web site and provide to participants the minutes of such 217 meeting or public hearing, including any actions taken, motions voted 218 and resolutions adopted, not later than five days after such meeting or 219 public hearing described in subdivision (2) of this subsection. Each 220 participant shall post on its Internet web site and provide to the 221 municipality in which it operates such minutes not later than six days 222 after such meeting or public hearing. Each municipality shall post such 223 minutes on its Internet web site not later than seven days after such 224 meeting or public hearing. 225 (5) The cooperative utility board may appoint and employ a chief 226 executive officer, a treasurer, a secretary, a general counsel and such 227 officers, advisors, consultants and other agents and employees as it 228 may deem necessary, and the cooperative utility board shall determine 229 their qualifications, terms of office, duties and compensation. 230 (6) The municipal electric energy cooperative shall seek to recover 231 any legal fees and costs such municipal electric energy cooperative 232 incurs arising out of the criminal defense of any officer or employee of 233 the municipal electric energy cooperative from such officer or 234 employee where (A) such officer or employee has a judgment entered 235 against him or her in a criminal court of law, or (B) such officer or 236 employee enters into a plea agreement concerning criminal charges. 237 Sec. 5. Subsection (h) of section 7-233c of the general statutes is 238 repealed and the following is substituted in lieu thereof (Effective from 239 passage): 240 (h) A municipal electric energy cooperative shall cause a forensic 241 examination to be conducted by a certified forensic auditor which shall 242 include a review of the revenue and expenditures of a municipal 243 electric energy cooperative for the preceding five years. The auditor 244 Raised Bill No. 961 LCO No. 5047 9 of 17 shall submit a report that includes a review of whether such municipal 245 electric energy cooperative's operating procedures conform with the 246 provisions of chapter 101a and the bylaws of the municipal electric 247 energy cooperative, and any recommendations for any corrective 248 actions needed to ensure such conformance. The auditor shall not be 249 required to perform a full financial audit of the five-year period or 250 submit an opinion regarding the financial statements or a management 251 letter. The municipal electric energy cooperative shall incorporate any 252 such recommendations for corrective actions into its operating 253 procedures. The municipal electric energy cooperative shall post on its 254 Internet web site and provide to participants such reports not later 255 than seven days after such reports are received by the municipal 256 electric energy cooperative. Each participant shall post on its Internet 257 web site and provide to the municipality in which it operates such 258 reports not later than five days after such reports are received from the 259 municipal electric energy cooperative. Each such municipality shall 260 post on its Internet web site such reports not later than five days after 261 such reports are received from the participant. 262 Sec. 6. Section 7-233c of the general statutes is amended by adding 263 subsections (k) to (m), inclusive, as follows (Effective from passage): 264 (NEW) (k) The Auditors of Public Accounts shall conduct a financial 265 audit and performance audit of each municipal electric energy 266 cooperative in the state at least once every three years. The Auditors of 267 Public Accounts, in accordance with the provisions of section 11-4a, 268 shall report their findings to the joint standing committee of the 269 General Assembly having cognizance of matters relating to energy. 270 (NEW) (l) A municipal electric energy cooperative shall submit a 271 report once per quarter to the Department of Revenue Services that 272 details the amounts and deposits, withdrawals and expenditures from 273 each account such municipal electric energy cooperative holds for any 274 municipal electric utilities. 275 (NEW) (m) (1) A municipal electric energy cooperative shall 276 Raised Bill No. 961 LCO No. 5047 10 of 17 annually disclose its capital and operating budgets, provided no 277 municipal electric energy cooperative may redact any portion of such 278 budgets. The municipal electric energy cooperative shall post on its 279 Internet web site such budgets not later than forty-eight hours after 280 such budgets are approved by the cooperative utility board. 281 (2) A municipal electric energy cooperative shall annually disclose 282 any executed agreements, including contracts, that it enters into that 283 are not related to matters of personnel. Provisions of any such 284 agreements shall not be considered trade secrets pursuant to section 1-285 210. The municipal electric energy cooperative shall post on its Internet 286 web site such agreements not later than forty-eight hours after such 287 agreements are approved by the cooperative utility board. 288 Sec. 7. Section 7-233e of the general statutes is repealed and the 289 following is substituted in lieu thereof (Effective from passage): 290 (a) As used in this section, "person without the state" means a 291 person located outside the state that complies with the standards for 292 interconnection to the transmission or distribution facilities of the 293 public utility to which such person is interconnected. 294 (b) A municipal electric energy cooperative created in the manner 295 provided in this chapter shall constitute a public body corporate and 296 politic, and in furtherance of its purpose of providing facilities for the 297 generation and transmission of electric power such municipal electric 298 energy cooperative shall be deemed to be exercising an essential 299 governmental function and shall have the following powers, subject to 300 subsection (c) of this section, to wit: 301 (1) To adopt and have a common seal and to alter the same; 302 (2) To sue and be sued; 303 (3) To contract and be contracted with; 304 (4) To plan, acquire, construct, reconstruct, operate, maintain, 305 repair, extend or improve one or more projects within or without the 306 Raised Bill No. 961 LCO No. 5047 11 of 17 state; or to acquire any interest in or any right to capacity of such a 307 project and to act as agent, or designate one or more of the other 308 participants in such project to act as agent, for all the participants in 309 such project in connection with the planning, acquisition, construction, 310 reconstruction, operation, maintenance, repair, extension or 311 improvement of such project; 312 (5) To investigate the desirability of and necessity for additional 313 sources and supplies of electric power, and to make such studies, 314 surveys and estimates as may be necessary to determine the feasibility 315 and cost of any such additional sources and supplies of electric power; 316 (6) To cooperate with private electric utilities, member and 317 nonmember municipal electric utilities and other public or private 318 electric power entities, within and without the state, or with any 319 person without the state, in the development of such sources and 320 supplies of electric power; 321 (7) To procure from the United States of America or any agency or 322 instrumentality thereof, or from any state or agency or instrumentality 323 thereof, any consents, authorizations or approvals that may be 324 requisite to enable any project within its powers to be carried forward; 325 (8) To do and perform any acts and things authorized by the act 326 under, through or by means of its cooperative utility board, officers, 327 agents or employees; 328 (9) To acquire, hold, use and dispose of its income, revenues, funds 329 and moneys; 330 (10) To acquire, own, hire, use, operate and dispose of personal 331 property; 332 (11) To acquire, own, use, lease, operate and dispose of real 333 property and interests in real property, and to make improvements 334 thereon; 335 (12) To grant the use, by lease or otherwise, and to make charges for 336 Raised Bill No. 961 LCO No. 5047 12 of 17 the use, of any property or facility owned or controlled by it; 337 (13) To borrow money and to issue its negotiable bonds or notes, 338 and to enter into any agreements with the purchasers or holders of 339 such bonds or notes or with others for their benefit; 340 (14) Subject to any agreement with bondholders or noteholders, to 341 invest moneys of the municipal cooperative not required for 342 immediate use, including proceeds from the sale of any bonds or notes, 343 in such obligations, securities and other investments as the cooperative 344 utility board shall deem prudent and in accordance with the laws of 345 the state regarding the investment of public moneys; 346 (15) To exercise the right of eminent domain, subject to the 347 limitations contained herein; 348 (16) To fix and determine the location and character of, and all other 349 matters in connection with, any and all projects it may be authorized to 350 acquire, hold, establish, effectuate, operate or control; 351 (17) To contract with any electric utility, any member or nonmember 352 municipal electric utility, any public or private electric power entity 353 within or without the state, or any person without the state, for the 354 sale, exchange or transmission of electric power or energy generated 355 by any project, or any interest therein or any right to capacity thereof, 356 on such terms and for such period of time as the cooperative utility 357 board shall determine; 358 (18) To purchase, sell, exchange or transmit electric power and 359 energy within and without the state, to any electric utility, any 360 member or nonmember municipal electric utility or any other public or 361 private electric power entity, or any person without the state; and to 362 enter into agreements with respect to such purchase, sale, exchange, or 363 transmission to any electric utility, any member or nonmember 364 municipal electric utility or any other public or private electric power 365 entity; as one means of implementing the power granted by this 366 subdivision, a municipal electric energy cooperative, if its cooperative 367 Raised Bill No. 961 LCO No. 5047 13 of 17 utility board shall so determine, may enter into or become a participant 368 in the New England Power Pool or become a market participant 369 pursuant to rules and procedures of the regional independent system 370 operator, as defined in section 16-1; and to acquire, own, hold and 371 dispose of stock or other ownership interests in, or evidences of 372 indebtedness of, any corporation or business entity that constructs 373 electric power generation or transmission facilities or generates, 374 produces, transmits, purchases, sells or exchanges electric power and 375 energy to, or insures the liabilities of, public or private electric power 376 entities located within or without the state, provided the outstanding 377 stock of such corporation is owned in whole or in part by such public 378 or private electric power entities; 379 (19) To procure insurance against any losses in connection with its 380 property, operations or assets in such amounts and from such insurers 381 as the cooperative utility board deems desirable; 382 (20) To contract for and to accept any gifts or grants or loans of 383 funds or property or financial or other aid in any form from the United 384 States of America or any agency or instrumentality thereof, or from 385 any other source, and to comply, subject to the provisions of this 386 chapter, with the terms and conditions thereof; 387 (21) To mortgage, or otherwise hypothecate, any or all of its 388 property or assets to secure the payment of its bonds, notes or other 389 obligations; 390 (22) To submit to arbitration any disputes with others or among its 391 members; 392 (23) To produce electric power by the use of cogeneration 393 technology or renewable fuel resources, as defined in section 16-1; 394 (24) To contract for the purchase or exchange of electricity produced 395 by a person using cogeneration technology or renewable fuel 396 resources, as defined in section 16-1, or for the sale or exchange of 397 electricity produced by the municipal cooperative to such person, 398 Raised Bill No. 961 LCO No. 5047 14 of 17 provided such purchase, sale or exchange is subject to the rates and 399 conditions of service established in accordance with section 16-243a; 400 (25) To provide in any agreement executed in connection with a 401 project by or among a municipal cooperative and other participants in 402 such project that, if one or more of such participants defaults in its 403 obligations under such agreement including, without limitation, the 404 payment of principal or interest on their indebtedness issued with 405 respect to such project, the municipal cooperative and the other 406 nondefaulting participants, if any, shall be required to pay such 407 obligations, including the principal of and the interest on such 408 indebtedness, for which the defaulting participant or participants were 409 to have paid, upon such terms and conditions and with such 410 limitations as the cooperative utility board may determine; 411 (26) To guarantee, in connection with any project, the punctual 412 payment of the principal of and interest on the indebtedness or other 413 contractual obligations of any of the participants in such project; 414 (27) (A) To enter into agreements with any entity to receive or 415 procure the supply, or the prepayment of the supply, of natural gas for 416 the sole benefit of its member, the City of Norwich Department of 417 Public Utilities, a municipal gas utility, provided (i) such supply, or 418 prepayment of supply, is consumed or used by said utility or by any 419 retail customer of said utility entirely within the geographic 420 boundaries of the city of Norwich or the town of Preston, and (ii) no 421 part of such supply, or prepayment of supply, shall be consumed or 422 used within or transported to any other municipality or utility, 423 territory, land held in trust by the United States on behalf of a Native 424 American tribe or land located within a Native American reservation 425 or other jurisdiction; 426 (B) No power granted to a municipal cooperative pursuant to this 427 subdivision shall be exercised so as to impair any existing right, power 428 or privilege of any gas company, as defined in section 16-1; 429 (28) To exercise and perform all or part of its power and functions 430 Raised Bill No. 961 LCO No. 5047 15 of 17 for the sole purpose of purchasing, selling, exchanging or transmitting 431 electric power and energy on a wholesale basis, as provided in this 432 chapter, through one or more wholly owned or partly ow ned 433 corporations or other business entities; and 434 (29) To exercise all other powers not inconsistent with the state 435 Constitution or the United States Constitution, which may be 436 reasonably necessary or appropriate for or incidental to the 437 effectuation of its authorized purposes or to the exercise of any of the 438 foregoing powers, and generally to exercise in connection with its 439 property and affairs, and in connection with property within its 440 control, any and all powers that might be exercised by a natural person 441 or a private corporation in connection with similar property and 442 affairs. 443 (c) Notwithstanding subsection (b) of this section and sections 7-444 233j, 7-233q and 7-233x, no municipal electric energy cooperative may 445 invest in anything other than the purchase of power that is deliverable 446 to such municipal electric energy cooperative's customers. 447 Sec. 8. Section 7-233m of the general statutes is repealed and the 448 following is substituted in lieu thereof (Effective from passage): 449 (a) A municipal electric energy cooperative shall prescribe and from 450 time to time when necessary revise a schedule of all of its rates, fees, 451 rentals or other charges, which shall comply with the terms of any 452 resolution, contract or other agreement of the municipal electric energy 453 cooperative and shall be such that the revenues of the municipal 454 electric energy cooperative will at all times be adequate to pay the 455 expenses of operation and maintenance of its project or projects, 456 including all reserves, insurance, extension, and replacement costs and 457 to pay the principal of and interest on any bonds or notes of the 458 municipal electric energy cooperative issued under this chapter, and to 459 maintain such reserves therefor as may be required by the terms of any 460 resolution, contract or other agreement of the municipal electric energy 461 cooperative or as may be deemed necessary or desirable by the 462 Raised Bill No. 961 LCO No. 5047 16 of 17 municipal electric energy cooperative. Said schedule shall thus be 463 prescribed and from time to time revised by the municipal electric 464 energy cooperative after public hearing thereon which shall be held by 465 the municipal electric energy cooperative at least seven days after 466 notice thereof has been published at least once in the area of operation. 467 A copy of the schedule of such rates, fees, rentals or other charges of 468 the municipal electric energy cooperative then in effect shall at all 469 times be kept on file at the principal office of the municipal electric 470 energy cooperative and shall at all reasonable times be open to public 471 inspection. 472 (b) A municipal electric energy cooperative shall use the same 473 standard billing format as developed by the Public Utilities Regulatory 474 Authority pursuant to subdivision (2) of subsection (a) of section 16-475 245d and shall include, in accordance with such billing format, the 476 same information that an electric distribution company includes in a 477 customer's bill pursuant to subdivision (4) of said subsection. 478 Sec. 9. Subsection (a) of section 7-233y of the general statutes is 479 repealed and the following is substituted in lieu thereof (Effective from 480 passage): 481 (a) Each municipal electric utility created pursuant to chapter 101 or 482 by special act shall, for investment in renewable energy sources and 483 for conservation and load management programs pursuant to this 484 section, accrue from each kilowatt hour of its metered firm electric 485 retail sales, exclusive of such sales to United States government naval 486 facilities in this state, no less than the following amounts during the 487 following periods, in a manner conforming to the requirement of this 488 section: (1) 1.0 mills on and after January 1, 2006; (2) 1.3 mills on and 489 after January 1, 2007; (3) 1.6 mills on and after January 1, 2008; (4) 1.9 490 mills on and after January 1, 2009; (5) 2.2 mills on and after January 1, 491 2010; and (6) 2.5 mills on and after January 1, 2011, provided a 492 municipal electric utility shall not accrue such amount from kilowatt 493 hours of electricity that is produced by and consumed by a customer of 494 such municipal electric utility. 495 Raised Bill No. 961 LCO No. 5047 17 of 17 This act shall take effect as follows and shall amend the following sections: Section 1 from passage 2-90 Sec. 2 from passage 7-121f(a) Sec. 3 from passage 7-221 Sec. 4 from passage 7-233c(d) Sec. 5 from passage 7-233c(h) Sec. 6 from passage 7-233c Sec. 7 from passage 7-233e Sec. 8 from passage 7-233m Sec. 9 from passage 7-233y(a) Statement of Purpose: To make various changes to the statutes concerning municipal electric utilities and municipal electric energy cooperatives. [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.]