SENATE AMENDMENT

    Bill No. SB 2454

    Amendment No. 2

                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Ways and Means recommended the following

12  amendment:

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14         Senate Amendment (with title amendment) 

15         Delete everything after the enacting clause,

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17  insert:

18         Section 1.  Each Florida resident with active,

19  residential electric utility service established by May 1,

20  1998, shall be provided with a $50 credit, or an amount for

21  which funds are equally available, toward electric utility

22  service. The method for the award of this credit shall be as

23  follows:

24         (a)  The Florida Public Service Commission shall obtain

25  from each electric utility provider regulated by the

26  Commission a certified list of all electric utility customers

27  with active service established on or before May 1, 1998 by

28  June 1, 1998.

29         (b)  Upon receipt of these lists, the Commission shall

30  calculate the amount of funds necessary per electric utility

31  company to accomplish the provision of this section by

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                                                  SENATE AMENDMENT

    Bill No. SB 2454

    Amendment No. 2





 1  multiplying the number of customers by $50.

 2         (c)  The Commission shall produce a list of all public,

 3  private and municipal electric utility companies under their

 4  regulation detailing the calculated amount of funds necessary

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

 6  Comptroller of the State of Florida, the President of the

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

 8  June 1, 1998.

 9         (d)  The Comptroller shall distribute funds to each

10  individual public, private and municipal electric utility

11  company based on the list submitted by the Commission on or

12  before July 1, 1998. The Comptroller shall make appropriate

13  adjustments as funds are available to ensure an equal credit

14  to each specified electric utility customer as provided by

15  this section.

16         (e)  The Commission shall direct each public, private

17  and municipal electric utility company to provide the credit

18  toward the amount due for the service period ending on or

19  before August 30, 1998 to each residential electric utility

20  customer as provided by this section, without exception.

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

23  not require any increase in current utility rates as

24  established at the effective date of this section.

25         Section 2.  This act shall take effect upon becoming

26  law.

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

30  And the title is amended as follows:

31          delete everything before the enacting clause

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                                                  SENATE AMENDMENT

    Bill No. SB 2454

    Amendment No. 2





 1  and insert:

 2         providing for an electric utilities credit

 3         under certain conditions; providing an

 4         effective date.

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