Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. SB 1238
       
       
       
       
       
       
                                Ì4001885Î400188                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: RS            .                                
                  04/25/2017           .                                
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       The Committee on Rules (Latvala) recommended the following:
       
    1         Senate Amendment 
    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
   23  hydraulic fracturing.