Florida Senate - 2024                        COMMITTEE AMENDMENT
       Bill No. SB 480
       
       
       
       
       
       
                                Ì360380ÃÎ360380                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                                       .                                
                                       .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Fiscal Policy (DiCeglie) recommended the
       following:
       
    1         Senate Substitute for Amendment (499090) (with title
    2  amendment)
    3  
    4         Delete everything after the enacting clause
    5  and insert:
    6         Section 1. Subsection (3) is added to section 366.075,
    7  Florida Statutes, to read:
    8         366.075 Experimental and transitional rates; experimental
    9  mechanisms.—
   10         (3) The commission may establish an experimental mechanism
   11  to facilitate energy infrastructure investment in gas consistent
   12  with the structure set forth in s. 366.96(7) and (8) and the
   13  intent of s. 366.91(1). Such gas infrastructure investment may
   14  include only such investments that collect, prepare, clean,
   15  process, transport, or inject gas for pipeline distribution. The
   16  commission shall have discretion to determine whether such
   17  mechanism is conducted in an annual proceeding. As used in this
   18  subsection, the term “gas” has the same meaning as the
   19  definition provided in s. 366.91(2)(f). The commission shall
   20  adopt rules to implement and administer this subsection and
   21  shall propose such rules for adoption as soon as practicable but
   22  no later than January 1, 2025.
   23         Section 2. This act shall take effect July 1, 2024.
   24  
   25  ================= T I T L E  A M E N D M E N T ================
   26  And the title is amended as follows:
   27         Delete everything before the enacting clause
   28  and insert:
   29                        A bill to be entitled                      
   30         An act relating to energy infrastructure investment;
   31         amending s. 366.075, F.S.; authorizing the Public
   32         Service Commission to establish an experimental
   33         mechanism that meets certain requirements to
   34         facilitate certain energy infrastructure investment in
   35         gas; providing requirements for gas infrastructure
   36         investments; authorizing the commission to make
   37         certain determinations regarding the experimental
   38         mechanism; defining the term “gas”; requiring the
   39         commission to adopt rules and propose such rules by a
   40         specified date; providing an effective date.