SENATE BILL REPORT

SB 6283

BYSenators Halsan, Benitz and Williams

Revising provisions relating to major public energy projects.

Senate Committee on Energy & Utilities

Senate Hearing Date(s):January 26, 1988

Senate Staff:Paul Parker (786-7455)

AS OF JANUARY 25, 1988

BACKGROUND:

Some public and municipal utilities are considering the development of new electric generating resources in order to reduce their reliance on power purchases from BPA.  Most new resources are more costly today than the purchase of BPA power, but may be more cost-effective in future.

The new generating resources under consideration are under the 250-mw size that triggers the requirement for a public vote of approval on major energy projects before issuing bonds.

SUMMARY:

Major energy project is redefined to also require a public vote before bond issuance for a facility that is estimated to require more than $2500 capital investment per customer.  The new definition applies to bonds issued after January 1, 1988.

Appropriation:    none

Revenue:    none

Fiscal Note:      none requested