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Amend the amendment in section 4 in §6114 by striking out all of subsection 5 (page 3, lines 26 to 30 in amendment) and inserting the following:
 
‘5.  Rescission.      The commission shall establish by rule a process by which:
 
A.  Customers of a consumer-owned water utility may petition the commission to rescind an exemption granted under this section to an individual consumer-owned water utility or to a class of consumer-owned water utilities; and
 
B.  The commission may on its own motion rescind an exemption granted under this section to an individual consumer-owned water utility or to a class of consumer-owned water utilities.
 
A rescission may be in whole or in part and may be specific to an individual consumer-owned water utility.’
 
SUMMARY
This amendment amends Committee Amendment "A." The amendment authorizes the Public Utilities Commission to rescind an exemption on its own motion.