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| SPONSOR: | SCORC | DATE TYPED: | 03/07/01 | HB | |||
| SHORT TITLE: | Delayed Repeal Public Utility Act | SB | 817/SCORCS | ||||
| ANALYST: | Valenzuela | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
| NFI | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
Companion to SB 266, which delays electric utility industry restructuring.
SOURCES OF INFORMATION
LFC Files
Public Regulation Commission
Energy, Minerals and Natural Resources Department (EMNRD)
SUMMARY
Synopsis of SCORC Substitute Bill
The Senate Corporations Committee (SCORC) substitute for Senate Bill 817 amends the Public Utility Act [Sections 62-3-1 to Section 62-3-5 NMSA 1978] by eliminating the sunset date (delayed repeal) of July 1, 2003 for the Act.
Significant Issues
The Legislature delayed the repeal of this statute to coincide with implementation of electric utility industry restructuring. Although, because Senate Bill 266 would postpone implementation by 5 years, it is necessary to ensure this Act remains in tact during the delay. The bill would accomplish this goal. The Public Utility Act will need to be repealed when electric utility industry restructuring is implemented.
FISCAL IMPLICATIONS
The SCORC substitute for SB 817 does not carry an appropriation and will not have a fiscal impact.
MFV/ar