SB297 HFIN AM 4-8AC
The Committee on Finance moved to amend the bill on page
twenty-two, section five, line seventy-seven, by striking out
subdivision (2) in its entirety and renumbering the remaining
subdivisions;
On page twenty-four, section five, following line one hundred
twenty-one by inserting the following:
"(i) Termination. - The provisions of this section shall have
no force and effect after June 30, 2012.";
On page twenty-eight, section six, following line ninety-one,
by striking out subsection (k) in its entirety and inserting in
lieu thereof the following:
"(k) The commission shall impose a special assessment on all
electric utilities required to file a compliance plan. The
assessments shall be prorated among the covered electric utilities
on the basis of kilowatt hours of retail sales in West Virginia and
shall be due and payable on September 1 of each year. The amount
of revenue collected pursuant to this subsection shall not exceed
$200,000 in the first year following the effective date of this
article and shall not exceed $100,000 in successive years. The
funds generated from the assessments shall be used exclusively to
offset all reasonable direct and indirect costs incurred by the
commission in administering the provisions of this article.";
On page thirty-five, section eleven, by striking out subsection (c) in its entirety and re-lettering the remaining
subsections;
On page thirty-seven, following section eleven, by striking
out section twelve in its entirety and renumbering the remaining
sections;
On page thirty-eight, by striking out section fourteen in its
entirety;
And,
On page three, by striking out the enacting section and
inserting in lieu thereof the following:
"
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new article, designated §24-2F-1, §24-2F-2,
§24-2F-3, §24-2F-4, §24-2F-5, §24-2F-6, §24-2F-7, §24-2F-8,
§24-2F-9, §24-2F-10, §24-2F-11, and §24-2F-12, all to read as
follows:
".