Florida Senate - 2017 COMMITTEE AMENDMENT Bill No. SB 1238 Ì581278HÎ581278 LEGISLATIVE ACTION Senate . House Comm: RCS . 04/25/2017 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— 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.