March 3, 1999

Mr. President:

Your CORPORATIONS & TRANSPORTATION COMMITTEE, to whom has been referred

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

1. On page 2, line 25, before "per" insert "per month".

2. On page 3, line 1, strike "consumer" and insert in lieu thereof "customer of an electric public utility".

3. On page 3, line 5, after "FUND" insert "; ESTABLISHMENT.--".

4. On page 3, strike lines 6 through 16 in their entirety and insert in lieu thereof:

"A. The public regulation commission shall establish an "electric service extension charge fund" to consist of money collected from electric service extension charges. The electric service extension charge shall be collected monthly by the electric public utility and shall be paid quarterly to the public regulation commission.".

5. On page 5, line 3, after "benefit" insert "low-income" and after "or" insert "low-income".

6. On page 5, between lines 22 and 23 insert the following:

"(5) a county shall not pledge its full faith and credit to guarantee repayment of the loans offered by the public regulation commission.

Section 5. BOARD.--The public regulation commission shall establish a board composed of representatives from electric public utilities to collect, administer and disburse money from the fund under the supervision and control of the public regulation commission pursuant to the established criteria and rules promulgated by the public regulation commission.".

7. Renumber the succeeding sections accordingly.,

and thence referred to the FINANCE COMMITTEE.

Respectfully submitted,

__________________________________

Roman M. Maes, Chairman

Adopted_______________________ Not Adopted_______________________

(Chief Clerk) (Chief Clerk)

Date ________________________

The roll call vote was 4 For 2 Against

Yes: 4

No: Macias, Rawson

Excused: Aragon, Fidel, Kysar, McKibben

Absent: None

S0710CT1 .128572.1