Amend competitive retail electric service law
What changed between versions
Created a new brownfield remediation fund with one million dollars reserved per county annually, plus additional funds available for state-wide projects on a first-come, first-served basis.
Established a brownfield remediation program that awards grants for priority investment area eligible projects, with a maximum grant limit of ten million dollars per project.
Added new definitions including 'Subdivision,' 'Legislative authority,' 'Brownfield,' 'Former coal mine,' 'Qualifying property,' and 'Priority investment area eligible project' to clarify program requirements.
Modified utility valuation procedures to include projected valuations for natural gas, water-works, and sewage disposal system companies as of a future date certain, and added requirements for three independent appraisals in certain acquisition scenarios.
Set July 1, 2025 as the effective date for amendments to the brownfield remediation section, with grandfathering for projects applied for before that date.
Added requirements for the director of development to notify the public utilities commission, power siting board, and tax commissioner when approving priority investment area designations.
Removed formatting inconsistencies, page numbers, and legislative history text from the enrolled version, while preserving all substantive policy language.