HB974: Relating To Energy.

What this measure contains

Requires the Department of Budget and Finance to enter into step-in agreements for payment obligations arising under certain power purchase agreements. Establishes the Power Purchase Costs Trust Fund. Establishes that money collected from on-bill charges for power purchase agreements and money received from a surcharge supporting a reserve account that are deposited in the Trust Fund shall be held in trust by the State, and that independent power producers shall hold a beneficial interest in the moneys to the extent of the amounts owed under the covered power purchase agreements. Appoints, authorizes, and empowers an electric utility to serve as the billing, collection, and payment agent of the Department of Budget and Finance in the service of performing step-in agreements. (SD1)

This is the description in the imported bill snapshot. It may describe a later draft than the version considered in this vote. The recorded motion above identifies the decision; the bill description does not establish the exact text voted on.

Official measure page ↗

Official text and draft versions

• Introduced· Jan 21, 2025 · Official original ↗
• Amended· Feb 14, 2025 · Official original ↗
• Amended· Mar 21, 2025 · Official original ↗Published after this vote

Document dates help distinguish drafts. A document published before the vote is not proof that this was the version considered.

Recorded decision and member tally

Senate Energy and Intergovernmental Affairs: Passed, With Amendments

This record lists 5 members; its source-reported total is 5.

Committee and conference committee votes involve the assigned members, rather than the entire House or Senate. A tally of three or five members can be a committee decision. The action above identifies the source's decision; these records do not establish that all chamber votes have been captured.

Source outcome: passed.

Yes

4

No

0

Not voting

0

Absent / excused

1

This outcome applies to the recorded motion. It does not by itself mean the measure became law. The original description and each member’s recorded vote are preserved below.

Members listed for this decision

Names come from the imported legislative person record. A profile link appears only when the person has a verified officeholder mapping applicable to the vote date. Missing mappings are kept visible rather than guessed from a name or seat.