HP0536
LD 756
Session - 128th Maine Legislature
 
LR 1259
Item 1
Bill Tracking, Additional Documents Chamber Status

An Act To Clarify the Authority of an Affiliate of a Utility To Own Power Generation outside of the Utility's Territory

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 35-A MRSA §3204, sub-§11  is enacted to read:

11 Affiliated generation outside service territory permitted.   Notwithstanding any other provision of this chapter, an affiliate of an investor-owned transmission and distribution utility may own generation or generation-related assets unless:
A The generation or generation-related assets are interconnected to the transmission or distribution facilities that are owned or operated by the investor-owned transmission and distribution utility; or
B The affiliate is a wholly owned or partially owned subsidiary of the investor-owned transmission and distribution utility.

For purposes of this subsection, "affiliate" means a person who has any ownership interest in, or is a subsidiary of a person who has any ownership interest in, the investor-owned transmission and distribution utility.

SUMMARY

This bill authorizes an affiliate of an investor-owned transmission and distribution utility to own generation or generation-related assets unless the assets are interconnected to the transmission or distribution facilities that are owned or operated by the utility or the affiliate is a wholly owned or partially owned subsidiary of the utility.


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