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Enron Mail |
Below are the current provisions Keeley and Hertzberg are wanting to pass
into legislation (when they return from recess). Currently, they are not sure if all of these amendments would be wrapped up into one bill or if they would just amend bill SB78XX while introducing a new bill SB_XX. Working under the assumption that they would amend bill 78XX and introduce a new one, the following issues are a reflection of their current positions. If they decide to introduce one new bill than the issues below would be included into one piece of legislation. Please remember, these issues are only their current thoughts and are such to change. SoCal Debt SB _XX ? No provision for debt. SB 78XX (amended) ? Approximately $2.9B through corporate bond financing supported by a Dedicated Rate Component (DRC) over a period of time sufficient to pay the bonds (10-15 years). Final debt amount to be established by the PUC and the State Auditor. Core vs. Non-Core SB _XX ? For purposes of paying the SoCal debt, creates a Core program for consumers with a peak demand of less than ?Kw and Non-Core customers of ?Kw or more. They would share in the cost of SoCal debt retirement: (1) all consumers share pro rata for the first two years, (2) Non-Core pay 100% after two years. SB 78XX(amended) ? No Provisions. Transmission System Purchase SB _XX and SB 78XX ? No purchase of transmission assets. Conservation Easements SB _XX ? No conservation easements. SB 78XX(amended) ? Specific conservation easements and other land arrangements described in bill for about 24,000 acres per the Governor's MOU. Direct Access SB _XX ? Removes regulatory constraints on a Direct Access program effective January 1, 2002 and permits customers to buy power if there is a net short after SoCal native generation, bilateral contracts, and DWR contracts. Residential and small commercial customers may use direct access from renewable energy sources. SB 78XX(amended) ? No provisions for Direct Access. Ratepayer Benefit Account SB _XX ? Deposits in the account any refunds or net cash resulting from (a) any refunds ordered by FERC or from litigation, and (b) any positive DWR Power Fund revenues; all to be refunded to ratepayers through either bill credits or rate reductions in proportion to the March, 2001 PUC rate increase. SB 78XX(amended) ? Does not create a Ratepayer Benefit Account. Electric Supplier Claims Settlement Trust SB _XX and SB 78XX ? Does not create a Trust or trustee to negotiate reductions. Renewable Energy SB _XX ? Creates a Renewable Portfolio Standard (RPS) to achieve a target of 10% of all new generating capacity additions through 2010 and overall 20% of statewide total generating capacity by 2010. Munis have been exempted from the RPS. SB 78XX(amended) ? No provisions for renewable energy.
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