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Committee backs HB 514 to expand Energy Council and authorize limited financing tools for energy infrastructure
Summary
The committee unanimously recommended HB 514, which expands the Energy Council, designates it as the state energy financing institution for certain federal programs, and authorizes the council to issue bonds or revenue-backed debt to finance energy generation and transmission while preserving limitations on state credit exposure.
SALT LAKE CITY — Lawmakers on the House Public Utilities and Energy Standing Committee voted unanimously to give HB 514 a favorable recommendation, approving changes that expand the Energy Council’s membership, designate it for certain federal financing roles and permit limited use of bonds or other debt instruments to support energy infrastructure projects.
Representative Walter, sponsor of the bill, described three main changes: increase Energy Council membership from five to seven, designate the council as the state…
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