H.R.1109 – To amend section 203 of the Federal Power Act.

TheWeekInCongress.com (TM)

Week ending June 16, 2017

H.R.1109 – To amend section 203 of the Federal Power Act.

Brief

Under the bill the Federal Power Act is amended to require that any merger or consolidation of a public utility whose value exceeds $10 million must first be authorized by the Federal Energy Regulatory Commission.

FERC, then, is required to promulgate a rule within 180 days ‘that mandates any public utility seeking to merge or consolidate to notify FERC, within 30 days of transaction consummation, if the value of such merger or consolidation exceeds $1 million but is less than $10 million.’

In addition no later than 180 days after the date of enactment of this bill FERC shall promulgate a rule ‘requiring any public utility that is seeking to merge or consolidate, directly or indirectly, its facilities subject to the jurisdiction of the Commission, or any part thereof, with those of any other person, to notify the Commission of such transaction not later than 30 days after the date on which the transaction is consummated if  such facilities, or any part thereof, are of a value in excess of $1,000,000; and  such public utility is not required to secure an order of the Commission.

 (Full text of H.R.1109  at congress.gov)

SponsorRep. Walberg, Tim [R-MI-7] (Introduced 02/16/2017)

Status: Passed House /

VOTES and FLOOR ACTION

HOUSE

On Passage: On motion to suspend the rules and pass the bill Agreed to by voice vote

House Amendments:

Motion to recommit:

Text of the motion:

SENATE

On Passage:

Procedural Actions:

Senate Amendments:

COST AND IMPACT

Cost to the taxpayers:  Data not available

Pay-as-you-go requirements:  Data not available

Regulatory and Other Impact: Data not available

Dynamic Scoring:   Data not available

Tax Complexity:  Not applicable to this bill.

Earmark Certification:  Data not available

Duplication of programs: Data not available

Direct Rule-Making:  Data not available

Advisory Committee Statement: Data not available

Budget Authority: Data not available

Constitutional Authority:   Assumed.

 

More Bill Information:

 

Copyright 2017 Legislation News & Report, LLC

All Rights Reserved