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Amend the bill in section 1 in subsection 2 by striking out all of the last underlined sentence (page 1, lines 8 to 12 in L.D.) and inserting the following: 'Each large, investor-owned transmission and distribution utility, as defined in section 3201, subsection 12, shall provide with the balance sheet and other information a calculation of the utility's return on common equity for the same period in the manner the commission requires, and shall provide a calculation of the utility's return on common equity for each of the previous 3 years. For purposes of this subsection, "return on common equity" means the return on common equity on investments subject to commission jurisdiction.'
 
SUMMARY
The bill requires a large, investor-owned transmission and distribution utility to report its regulated return on common equity. The amendment requires a large, investor-owned transmission and distribution utility to report its return on common equity on investments subject to commission jurisdiction. This amendment also modifies the bill to require a large, investor-owned transmission and distribution utility to provide a calculation of the utility's return on common equity for each of the previous 3 years, rather than the previous 10 years.