Relating to: regulation of the Chippewa and Flambeau Improvement Company.

SB 255 regulates tolls charged by the Chippewa and Flambeau Improvement Company to water power operators using reservoirs it manages. The bill sets a cap on tolls at reasonable operational costs plus a 6% annual return on capital invested (defined as paid-in capital and bond par value), and requires the company to report semiannually on costs and recommended tolls. It prohibits tolls from covering initial reservoir construction costs and establishes that tolls create a lien on the water power properties. The law directly affects water power operators below the reservoirs and the company itself, ensuring tolls fund maintenance while protecting the company’s capital value.