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Senate committee restores disclosure rule for electric membership cooperatives with gas affiliates

2468840 · February 28, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The committee voted to advance a bill restoring annual disclosure requirements for electric membership cooperatives that pledge more than 15% of assets to gas subsidiaries; the measure passed with one recorded no vote.

Chairman Kousser said the committee would take up Senate Bill LC550571S, a clean-up bill returning language stripped from last year

The bill would restore a narrowly targeted disclosure requirement for electric membership cooperatives (EMCs) that exceed 15% of assets pledged to gas subsidiaries, a provision originally adopted during consideration of last years Senate Bill 422. The…

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