Florida Senate - 2017 COMMITTEE AMENDMENT Bill No. SB 1238 Ì789608OÎ789608 LEGISLATIVE ACTION Senate . House Comm: RCS . 04/25/2017 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Rules (Latvala) recommended the following: 1 Senate Substitute for Amendment (383720) (with title 2 amendment) 3 4 Between lines 49 and 50 5 insert: 6 Section 2. (1) Annually, each public utility shall file 7 with the Public Service Commission a detailed comparison of all 8 gas reserve projects entered into on behalf of the utility and 9 any affiliate or subsidiary of the utility’s parent company as 10 part of its Risk Management Plan. The information must be the 11 same for each gas reserve project entered into by any affiliate 12 or subsidiary which was used to support or justify the 13 appropriateness of each gas reserve project entered into during 14 the reporting period. The filing must: 15 (a) Show all material assumptions relied upon to support 16 each gas reserve project, including the capital investment 17 amount; 18 (b) Calculate the associated revenue requirement for each 19 gas reserve project; and 20 (c) Provide the net present value savings for each gas 21 reserve project entered into by any affiliate or subsidiary of a 22 parent company. 23 (2) For any gas reserve project, the utility shall use an 24 independent third-party auditor in performing audits of the 25 associated transactions. Subaccounts that correspond on a one 26 on-one basis with the oil and gas system of accounts shall be 27 established and used by the utility for each investment in a gas 28 reserve project. 29 (3) A public utility may enter into a gas reserves project 30 only if there is a transportation path available to deliver the 31 gas produced from that project to the public utility’s service 32 territory. The costs of any new transportation needed to deliver 33 gas from a gas reserve project must be taken into consideration 34 when analyzing the economics of that project. 35 36 ================= T I T L E A M E N D M E N T ================ 37 And the title is amended as follows: 38 Delete line 9 39 and insert: 40 investments; requiring each public utility to file 41 with the commission a comparison of all gas reserve 42 projects entered into on behalf of the utility and any 43 affiliate or subsidiary of the parent company as part 44 of its Risk Management Plan; specifying the 45 requirements of the filing; requiring the use of a 46 third-party auditor for audits of associated 47 transactions for a gas reserve project; requiring a 48 public utility entering into a gas reserves project to 49 have a transportation path between the project and the 50 utility’s service territory; specifying the accounting 51 of the costs of any new transportation in the economic 52 analysis of projects; providing an effective date.