AN
ACT Relating to the ownership of coal-fired thermal electric generating
facilities placed in operation before July 1, 1975; amending RCW 35.92.052 and
54.44.020; and declaring an emergency.
BE IT ENACTED BY THE
LEGISLATURE OF THE STATE OF WASHINGTON:
Sec.
1. RCW
35.92.052 and 1992 c 11 s 1 are each amended to read as follows:
(1)
Except as provided in subsection (3) of this section, cities of the
first class which operate electric generating facilities and distribution systems
shall have power and authority to participate and enter into agreements for the
use or undivided ownership of high voltage transmission facilities and capacity
rights in those facilities and for the undivided ownership of any type of
electric generating plants and facilities, including, but not limited to,
nuclear and other thermal power generating plants and facilities and
transmission facilities including, but not limited to, related transmission
facilities, to be called "common facilities"; and for the planning,
financing, acquisition, construction, operation, and maintenance with: (a)
Each other; (b) electrical companies which are subject to the jurisdiction of
the Washington utilities and transportation commission or the regulatory
commission of any other state, to be called "regulated utilities";
(c) rural electric cooperatives, including generation and transmission
cooperatives in any state; (d) municipal corporations, utility districts, or
other political subdivisions in any state; and (e) any agency of the United
States authorized to generate or transmit electrical energy. It shall be
provided in such agreements that each city shall use or own a percentage of any
common facility equal to the percentage of the money furnished or the value of
property supplied by it for the acquisition and construction of or additions or
improvements to the facility and shall own and control or provide for the use
of a like percentage of the electrical transmission or output.
(2)
A city using or owning common facilities under this section may issue revenue
bonds or other obligations to finance the city's share of the use or ownership
of the common facilities.
(((2)))
(3) Cities of the first class shall have the power and authority to
participate and enter into agreements for the use or undivided ownership of a
coal-fired thermal electric generating plant and facility placed in operation
before July 1, 1975, including related common facilities, and for the planning,
financing, acquisition, construction, operation, and maintenance of the plant
and facility. It shall be provided in such agreements that each city shall use
or own a percentage of any common facility equal to the percentage of the money
furnished or the value of property supplied by the city for the acquisition and
construction of or additions or improvements to the facility and shall own and
control or provide for the use of a like percentage of the electrical
transmission or output of the facility. Cities may enter into agreements under
this subsection with each other, with regulated utilities, with rural electric
cooperatives, with utility districts, with electric companies subject to the
jurisdiction of the regulatory commission of any other state, and with any
power marketer subject to the jurisdiction of the federal energy regulatory
commission.
(4)
The agreement must provide that each participant shall defray its own interest
and other payments required to be made or deposited in connection with any
financing undertaken by it to pay its percentage of the money furnished or
value of property supplied by it for the planning, acquisition, and
construction of any common facility, or any additions or betterments. The
agreement shall provide a uniform method of determining and allocating
operation and maintenance expenses of a common facility.
(((3)))
(5) Each city participating in the ownership, use, or operation of a
common facility shall pay all taxes chargeable to its share of the common
facility and the electric energy generated under any applicable statutes and
may make payments during preliminary work and construction for any increased
financial burden suffered by any county or other existing taxing district in
the county in which the common facility is located, under agreement with such
county or taxing district.
(((4)))
(6) In carrying out the powers granted in this section, each such city
shall be severally liable only for its own acts and not jointly or severally
liable for the acts, omissions, or obligations of others. No money or property
supplied by any such city for the planning, financing, acquisition,
construction, operation, or maintenance of, or addition or improvement to any
common facility shall be credited or otherwise applied to the account of any
other participant therein, nor shall the undivided share of any city in any
common facility be charged, directly or indirectly, with any debt or obligation
of any other participant or be subject to any lien as a result thereof. No
action in connection with a common facility shall be binding upon any city
unless authorized or approved by resolution or ordinance of its governing body.
(((5)))
(7) Any city acting jointly outside the state of Washington, by mutual
agreement with any participant under authority of this section, shall not acquire
properties owned or operated by any public utility district, by any regulated
utility, or by any public utility owned by a municipality without the consent
of the utility owning or operating the property, and shall not participate in
any condemnation proceeding to acquire such properties.
Sec.
2. RCW
54.44.020 and 1975-'76 2nd ex.s. c 72 s 2 are each amended to read as follows:
((In
addition to the powers heretofore conferred upon)) (1) Except as
provided in subsection (2) of this section, cities of the first class,
public utility districts organized under chapter 54.08 RCW, and joint operating
agencies organized under chapter 43.52 RCW, any such cities and public utility
districts which operate electric generating facilities or distribution systems
and any joint operating agency shall have power and authority to participate
and enter into agreements with each other and with electrical companies which
are subject to the jurisdiction of the Washington utilities and transportation
commission or the public utility commissioner of Oregon, hereinafter called
"regulated utilities", and with rural electric cooperatives,
including generation and transmission cooperatives for the undivided ownership
of any type of electric generating plants and facilities, including, but not
limited to nuclear and other thermal power generating plants and facilities and
transmission facilities including, but not limited to, related transmission
facilities, hereinafter called "common facilities", and for the
planning, financing, acquisition, construction, operation and maintenance
thereof. It shall be provided in such agreements that each city, public
utility district, or joint operating agency shall own a percentage of any
common facility equal to the percentage of the money furnished or the value of
property supplied by it for the acquisition and construction thereof and shall
own and control a like percentage of the electrical output thereof.
(2)
Cities of the first class, public utility districts organized under chapter
54.08 RCW, and joint operating agencies organized under chapter 43.52 RCW,
shall have the power and authority to participate and enter into agreements for
the undivided ownership of a coal-fired thermal electric generating plant and facility
placed in operation before July 1, 1975, including related common facilities,
and for the planning, financing, acquisition, construction, operation, and
maintenance of the plant and facility. It shall be provided in such agreements
that each city, public utility district, or joint operating agency shall own a
percentage of any common facility equal to the percentage of the money
furnished or the value of property supplied by the city, district, or agency,
for the acquisition and construction of the facility and shall own and control
a like percentage of the electrical output thereof. Cities of the first class,
public utility districts, and joint operating agencies may enter into
agreements under this subsection with each other, with regulated utilities,
with rural electric cooperatives, with electric companies subject to the
jurisdiction of the regulatory commission of any other state, and with any
power marketer subject to the jurisdiction of the federal energy regulatory
commission.
(3)
Each participant shall defray its own interest and other payments required to
be made or deposited in connection with any financing undertaken by it to pay
its percentage of the money furnished or value of property supplied by it for
the planning, acquisition and construction of any common facility, or any
additions or betterments thereto. The agreement shall provide a uniform method
of determining and allocating operation and maintenance expenses of the common
facility.
(4)
Each city, public utility district, joint operating agency, regulated utility,
and cooperatives participating in the ownership or operation of a common
facility shall pay all taxes chargeable to its share of the common facility and
the electric energy generated thereby under applicable statutes as now or
hereafter in effect, and may make payments during preliminary work and
construction for any increased financial burden suffered by any county or other
existing taxing district in the county in which the common facility is located,
pursuant to agreement with such county or taxing district.
NEW SECTION. Sec. 3. This
act is necessary for the immediate preservation of the public peace, health, or
safety, or support of the state government and its existing public
institutions, and takes effect immediately.
