Bill Amendment: FL S1238 | 2017 | Regular Session

Florida Senate Bill 1238 (Prior Session Legislation)

NOTE: For additional amemendments please see the Bill Drafting List

Bill Title: Utility Investments in Gas Reserves

Status: 2017-05-05 - Died on Calendar [S1238 Detail]

Download: Florida-2017-S1238-Senate_Committee_Substitue_Amendment_581278_Amendment_400188_.html

       Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. SB 1238
       
       
       
       
       
       
                                Ì581278HÎ581278                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                                       .                                
                                       .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Rules (Latvala) recommended the following:
       
    1         Senate Substitute for Amendment (400188) 
    2  
    3         Delete lines 28 - 42
    4  and insert:
    5  standards must include, at a minimum, all of the following:
    6         1. A requirement that each natural gas reserve investment
    7  be projected to generate savings for customers over the life of
    8  the investment.
    9         2. A requirement that the total volume of natural gas
   10  produced from all of a utility’s natural gas reserve investments
   11  not exceed the following percentages of the utility’s average
   12  projected daily burn of natural gas:
   13         a. 7.5 percent in 2018;
   14         b. 10 percent in 2019;
   15         c. 12.5 percent in 2020; and
   16         d. 15 percent in 2021 and thereafter.
   17         3. A requirement that each investment be made in natural
   18  gas projects that have at least 50 percent of the wells within
   19  the project classified as proved gas reserves by the Securities
   20  and Exchange Commission.
   21         4. A prohibition against the recovery by a utility of the
   22  costs of natural gas extracted from the state by means of any
   23  well stimulation treatment, including hydraulic fracturing, acid
   24  fracturing, and matrix acidizing.
   25         5. A prohibition against the recovery by a utility of the
   26  costs of natural gas extracted from the waters of the state,
   27  from the waters of the United States, or from international
   28  waters.