Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Public Utility Regulation topic
No spam. Unsubscribe anytime.
Rules committee sends bill changing public-utility return-on-equity to the floor after party-line vote
Summary
The Rules Committee reported House Bill 2224 (Printer's No. 3555), which would amend public-utility statutes to provide for a return on equity in rates and distribution systems. The committee approved the bill 18-15, with Democrats in favor and Republicans opposed.
Chair Topper moved to report House Bill 2224 (Printer's No. 3555), described as an amendment to public-utility statutes governing rates and distribution systems to provide for a return on equity.
A member stated Republican members intended to vote against the bill; that position was recorded on the committee floor. The secretary called the roll and the chair announced: “Democrats vote in favor. Republicans against, the ayes are 18. The nays are 15.” The committee reported the bill to the House floor by an 18-15 vote.
No amendments or detailed debate on the mechanics of the return-on-equity change were entered into the committee record during this session. The committee adjourned following the roll call.
