Florida Senate - 2024                        COMMITTEE AMENDMENT
       Bill No. SB 480
       
       
       
       
       
       
                                Ì4990903Î499090                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: RS            .                                
                  02/16/2024           .                                
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       The Committee on Fiscal Policy (DiCeglie) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete everything after the enacting clause
    4  and insert:
    5         Section 1. Subsection (3) is added to section 366.075,
    6  Florida Statutes, to read:
    7         366.075 Experimental and transitional rates.—
    8         (3) The commission may establish an experimental mechanism
    9  to facilitate energy infrastructure investment consistent with
   10  the structure set forth in s. 366.96(7) and (8), the intent of
   11  s. 366.91(1), and the definition of s. 366.91(2)(f). Such gas
   12  infrastructure investment may include only investments that
   13  collect, prepare, clean, process, transport, or inject gas as
   14  defined in s. 366.91(2)(f) for pipeline distribution. The
   15  commission shall have discretion to determine whether such
   16  mechanism is conducted in an annual proceeding. The commission
   17  shall adopt rules to implement and administer this subsection
   18  and shall propose such rules for adoption as soon as practicable
   19  but no later than January 1, 2025.
   20         Section 2. This act shall take effect July 1, 2024.
   21  
   22  ================= T I T L E  A M E N D M E N T ================
   23  And the title is amended as follows:
   24         Delete everything before the enacting clause
   25  and insert:
   26                        A bill to be entitled                      
   27         An act relating to energy infrastructure investment;
   28         amending s. 366.075, F.S.; authorizing the Public
   29         Service Commission to establish an experimental
   30         mechanism that meets certain requirements to
   31         facilitate certain energy infrastructure investment;
   32         providing requirements for gas infrastructure
   33         investments; authorizing the commission to make
   34         certain determinations regarding the experimental
   35         mechanism; requiring the commission to adopt rules and
   36         propose such rules by a specified date; providing an
   37         effective date.