Bill Text: FL S0480 | 2024 | Regular Session | Comm Sub

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Bill Title: Energy Infrastructure Investment

Spectrum: Bipartisan Bill

Status: (Failed) 2024-03-08 - Died in Messages [S0480 Detail]

Download: Florida-2024-S0480-Comm_Sub.html

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       Florida Senate - 2024                              CS for SB 480
       
       
        
       By the Committee on Fiscal Policy; and Senator DiCeglie
       
       
       
       
       
       594-03401-24                                           2024480c1
    1                        A bill to be entitled                      
    2         An act relating to energy infrastructure investment;
    3         amending s. 366.075, F.S.; authorizing the Public
    4         Service Commission to establish an experimental
    5         mechanism that meets certain requirements to
    6         facilitate certain energy infrastructure investment in
    7         gas; providing requirements for gas infrastructure
    8         investments; authorizing the commission to make
    9         certain determinations regarding the experimental
   10         mechanism; defining the term “gas”; requiring the
   11         commission to adopt rules and propose such rules by a
   12         specified date; providing an effective date.
   13          
   14  Be It Enacted by the Legislature of the State of Florida:
   15  
   16         Section 1. Subsection (3) is added to section 366.075,
   17  Florida Statutes, to read:
   18         366.075 Experimental and transitional rates; experimental
   19  mechanisms.—
   20         (3) The commission may establish an experimental mechanism
   21  to facilitate energy infrastructure investment in gas consistent
   22  with the structure set forth in s. 366.96(7) and (8) and the
   23  intent of s. 366.91(1). Such gas infrastructure investment may
   24  include only such investments that collect, prepare, clean,
   25  process, transport, or inject gas for pipeline distribution. The
   26  commission shall have discretion to determine whether such
   27  mechanism is conducted in an annual proceeding. As used in this
   28  subsection, the term “gas” has the same meaning as the
   29  definition provided in s. 366.91(2)(f). The commission shall
   30  adopt rules to implement and administer this subsection and
   31  shall propose such rules for adoption as soon as practicable but
   32  no later than January 1, 2025.
   33         Section 2. This act shall take effect July 1, 2024.