Florida Senate - 2014                                   SJR 1392
       
       
        
       By Senator Thompson
       
       
       
       
       
       12-01407-14                                           20141392__
    1                       Senate Joint Resolution                     
    2         A joint resolution proposing the creation of Section
    3         28 of Article X of the State Constitution to prohibit
    4         cost recovery by an electric utility of a new power
    5         plant until the plant begins commercial operation.
    6          
    7  Be It Resolved by the Legislature of the State of Florida:
    8  
    9         That the following creation of Section 28 of Article X of
   10  the State Constitution is agreed to and shall be submitted to
   11  the electors of this state for approval or rejection at the next
   12  general election or at an earlier special election specifically
   13  authorized by law for that purpose:
   14                              ARTICLE X                            
   15                            MISCELLANEOUS                          
   16         SECTION 28. Power plant cost recovery.—An electric utility
   17  may not recover in its rates the cost of a new power plant until
   18  the plant begins commercial operation. For purposes of this
   19  section, the term:
   20         (a) “Electric utility” means any municipal electric
   21  utility, investor-owned electric utility, or rural electric
   22  cooperative that owns, maintains, or operates an electric
   23  generation, transmission, or distribution system within the
   24  state.
   25         (b) “Cost” includes all capital investments, including rate
   26  of return, any applicable taxes, and all expenses, including
   27  operation and maintenance expenses, related to or resulting from
   28  the siting, licensing, design, or construction of a power plant.
   29         BE IT FURTHER RESOLVED that the following statement be
   30  placed on the ballot:
   31                      CONSTITUTIONAL AMENDMENT                     
   32                        ARTICLE X, SECTION 28                      
   33         ELECTRIC UTILITIES; POWER PLANT COST RECOVERY.—Proposing an
   34  amendment to the State Constitution to prohibit an electric
   35  utility from recovering in its rates the cost of a new power
   36  plant until the plant begins commercial operation.