HB 565

Abstract

Amends the Public Utilities Act. For public schools, changes the calculation of the "transition charge" by subtracting the greater of the following amounts: (i) 0.5 cents per kilowatt-hour during the period October 1, 1999 through December 31, 2004, 1.25 cents per kilowatt-hour in calendar year 2005, and 1.5 cents per kilowatt-hour in calendar year 2006, multiplied in each year by an identified usage; or (ii) an amount equal to the following percentages of the amount produced by applying the applicable base rates or contract rate to the identified usage: 8% for the period October 1, 1999 through December 31, 2002, 10% in calendar years 2003 and 2004, 15% in calendar year 2005, and 25% in calendar year 2006 (now, the transition charge for public schools is calculated in the same manner as that of all nonresidential retail customers). Effective immediately.