Florida Senate - 2025                      CS for CS for SB 1574
       
       
        
       By the Committees on Fiscal Policy; and Regulated Industries;
       and Senator DiCeglie
       
       
       
       
       594-03842-25                                          20251574c2
    1                        A bill to be entitled                      
    2         An act relating to energy infrastructure investment;
    3         amending s. 366.075, F.S.; requiring the Public
    4         Service Commission to establish an experimental
    5         mechanism that meets certain requirements to
    6         facilitate certain energy infrastructure investments
    7         in gas; providing requirements for gas infrastructure
    8         investments; defining the term “gas”; requiring the
    9         commission to adopt rules and propose such rules for
   10         adoption by a specified date; providing requirements
   11         for such rules; providing an effective date.
   12          
   13  Be It Enacted by the Legislature of the State of Florida:
   14  
   15         Section 1. Subsection (3) is added to section 366.075,
   16  Florida Statutes, to read:
   17         366.075 Experimental and transitional rates; experimental
   18  mechanisms.—
   19         (3)(a) The commission shall establish an experimental
   20  mechanism to facilitate energy infrastructure investments in gas
   21  consistent with a similar structure as set forth in s.
   22  366.99(2)-(6) and with the intent of s. 366.91(1). Such gas
   23  infrastructure investments may include only such investments
   24  that collect, prepare, clean, process, transport, or inject gas
   25  as a transportation fuel or for pipeline distribution. As used
   26  in this subsection, the term “gas” means anaerobically generated
   27  biogas, landfill gas, or wastewater treatment gas produced and
   28  collected in this state and refined to a methane content of 90
   29  percent or greater which may be used as a transportation fuel or
   30  for pipeline distribution.
   31         (b) The commission shall adopt rules to implement and
   32  administer this subsection and shall propose such rules for
   33  adoption as soon as practicable but no later than January 1,
   34  2026. Such rules must provide for the allocation to public
   35  utility customers of the benefit of any tradeable energy credits
   36  and tax savings associated with gas infrastructure investments
   37  made pursuant to this subsection and must address the treatment
   38  of revenues from sales of gas from such investments for
   39  transportation purposes.
   40         Section 2. This act shall take effect July 1, 2025.