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Hearing held on bill to let municipal utilities sign 20‑year retail contracts for large customers; MEAG outlines financing approach
Summary
At a hearing on HB 1027, sponsors and witnesses from municipal utilities and MEAG described allowing up to 20‑year retail contracts for large load customers (including data centers) to enable financing of new generation, with protections such as superior‑court validation and proposed nonrecourse bond structures; senators pressed for clarity on definitions, local impact and whether cities must pass savings to residents.
The Senate Regulated Industries Committee held a hearing on House Bill 1027, which would add an exception allowing Municipal Electric Authority of Georgia (MEAG) participants to enter retail electric sales contracts up to 20 years for large load customers, including data centers. The measure is presented as a ratepayer‑protection and competitive‑equity bill intended to let municipal utilities finance new generation without exposing cities to long‑term stranded costs.
Representative Anderson, the bill sponsor, described HB 1027 as "truly a simple bill" designed to protect ratepayers and give municipal providers a chance to compete for large customers. He said the measure would add a third exception allowing 20‑year retail contracts and stressed that such long contracts would be…
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