Florida Senate - 2014 SJR 1392 By Senator Thompson 12-01407-14 20141392__ 1 Senate Joint Resolution 2 A joint resolution proposing the creation of Section 3 28 of Article X of the State Constitution to prohibit 4 cost recovery by an electric utility of a new power 5 plant until the plant begins commercial operation. 6 7 Be It Resolved by the Legislature of the State of Florida: 8 9 That the following creation of Section 28 of Article X of 10 the State Constitution is agreed to and shall be submitted to 11 the electors of this state for approval or rejection at the next 12 general election or at an earlier special election specifically 13 authorized by law for that purpose: 14 ARTICLE X 15 MISCELLANEOUS 16 SECTION 28. Power plant cost recovery.—An electric utility 17 may not recover in its rates the cost of a new power plant until 18 the plant begins commercial operation. For purposes of this 19 section, the term: 20 (a) “Electric utility” means any municipal electric 21 utility, investor-owned electric utility, or rural electric 22 cooperative that owns, maintains, or operates an electric 23 generation, transmission, or distribution system within the 24 state. 25 (b) “Cost” includes all capital investments, including rate 26 of return, any applicable taxes, and all expenses, including 27 operation and maintenance expenses, related to or resulting from 28 the siting, licensing, design, or construction of a power plant. 29 BE IT FURTHER RESOLVED that the following statement be 30 placed on the ballot: 31 CONSTITUTIONAL AMENDMENT 32 ARTICLE X, SECTION 28 33 ELECTRIC UTILITIES; POWER PLANT COST RECOVERY.—Proposing an 34 amendment to the State Constitution to prohibit an electric 35 utility from recovering in its rates the cost of a new power 36 plant until the plant begins commercial operation.