CODING: Words stricken are deletions; words underlined are additions.





                                                  SENATE AMENDMENT

    Bill No. SB 2454

    Amendment No.    

                            CHAMBER ACTION
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11  Senators Rossin, Silver, Campbell, Dyer, Forman, Hargrett,

12  Holzendorf, Kurth, Meadows, Thomas and Turner moved the

13  following substitute amendment to amendment 613386:

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15         Senate Amendment (with title amendment) 

16          Delete everything after the enacting clause

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18  and insert:

19         Section 1.    Each residential electric utility

20  customer account of an "electric utility" as defined in s.

21  366.02(2), F.S. receiving active, residential electric utility

22  service on May 1, 1998, shall be provided with a $50 credit,

23  or an amount for which funds are equally available from the

24  General Revenue Trust Fund, on their electric utility service

25  account in August of 1998. The method for the award of this

26  credit shall be as follows:

27         a)  Each electric utility shall file with the Florida

28  Public Service Commission by June 1, 1998 certification of the

29  total number of residential electric utility accounts

30  receiving active service on May 1, 1998.

31         b)  Upon receipt of the  certification of the total

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                                                  SENATE AMENDMENT

    Bill No. SB 2454

    Amendment No.    





 1  number of residential electric utility accounts from the

 2  utilities , the Commission shall calculate the amount of funds

 3  necessary for each electric utility to accomplish the

 4  provision of this section by multiplying the number of

 5  residential accounts active on May 1, 1998 by $50.

 6         c)  The Commission shall produce a list of the

 7  utilities detailing the calculated amount of funds necessary

 8  to provide the $50 credit and certify this list to the

 9  Comptroller of the State of Florida, the President of the

10  Senate, and the Speaker of the House of Representatives by

11  June 15, 1998. Upon any specific request of the Comptroller,

12  the President of the Senate, or the Speaker of the House of

13  Representatives, the Public Service Commission shall have the

14  authority to audit the total number of residential electric

15  utility accounts as filed pursuant to subsection (b) of this

16  act.

17         d)  The Comptroller shall distribute funds to each

18  individual electric utility  based on the list submitted by

19  the Commission on or before July 1, 1998. The Comptroller

20  shall make appropriate adjustments as funds are available to

21  ensure an equal credit to each specified electric utility

22  customer as provided by this section.

23         e)  The Florida Public Service Commission shall direct

24  each electric utility to provide the credit on the electric

25  service  account of the eligible residential electric service

26  customers on  August 1, 1998  as provided by this section,

27  without exception. The Commission shall develop the

28  appropriate language describing the credit on the bill and

29  notifying customers of the credit application process making

30  every effort to neutralize costs to the utilities. Credits

31  shall be reflected on the bills rendered by the utility

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                                                  SENATE AMENDMENT

    Bill No. SB 2454

    Amendment No.    





 1  starting on August 1, 1998 for the applicable customer

 2  accounts as they are subsequently billed according to the

 3  utility's standard billing cycles, said credits being applied

 4  to the bills up to the total amount owed each month for

 5  electric service. When bills for electric service do not have

 6  sufficient electric service amounts owed to utilize the entire

 7  amount of the credit, the remaining credit will be carried on

 8  the account for subsequent months billing until the total

 9  credit has been utilized or until October 31, 1998. Any

10  customer receiving service on May 1, 1998 that is no longer

11  receiving electric service from the electric utility on August

12  1, 1998, shall have the credit reflected on their prior

13  account until such time as the utility determines that such

14  customer has not requested or renewed service service from the

15  utility between August 1, 1998 and October 31, 1998. All

16  undistributed credits which have not been distributed for

17  whatever reason, shall be accounted for by the utility and

18  returned to the Comptroller of the State of Florida before

19  December 1, 1998. All disputes related to the distribution or

20  the amount of the credit shall be resolved by the Florida

21  Public Service Commission.

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23  It is the intent of the Legislature that this one-time credit

24  not require any increase or decrease in current utility rates

25  as established at the effective date of this section. Prior to

26  the application of this credit, amounts owed by each customer

27  shall be calculated without regard to the existence of the

28  credit. As a result, the amounts due from each customer,

29  including but not limited to rates, state, and local taxes,

30  franchise fees, and any other applicable charges, shall not be

31  affected by the existence of this credit.

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                                                  SENATE AMENDMENT

    Bill No. SB 2454

    Amendment No.    





 1         Section 2.    This act shall take effect upon becoming

 2  law.

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 5  ================ T I T L E   A M E N D M E N T ===============

 6  And the title is amended as follows:

 7          Delete everything before the enacting clause

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 9  and insert:

10         providing for a residential electric utilities

11         credit under certain conditions; providing

12         legislative intent with respect to the credit;

13         providing an effective date.

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