BILL NUMBER: SBX1 33	AMENDED
	BILL TEXT

	AMENDED IN SENATE  FEBRUARY 15, 2001
	AMENDED IN SENATE  FEBRUARY 14, 2001

INTRODUCED BY   Senators Burton and Sher
    (Coauthors:  Senators Karnette, Perata, and Speier) 

                        FEBRUARY 6, 2001

   An act to add Section 330.5 to the Public Utilities Code, relating
to electric power.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 33, as amended, Burton.  Electric power:  transmission
facilities: purchase.
   Under existing law, the Public Utilities Commission has regulatory
authority over public utilities, including electrical corporations
and other specified entities.
   This bill would authorize the Governor to formulate a plan,
through negotiation with representatives of electrical corporations,
as defined, for the state to purchase the transmission facilities
owned by electrical corporations in California  that were under
the operational control of the Independent System Operator as of
January 1, 2001  .
   The bill would require the Governor  to  submit the plan
to the Legislature for its consideration for subsequent adoption by
statute and any necessary additional implementing legislation,
including  (a)   (1)  authority for the
State Treasurer to issue revenue bonds to finance the acquisition by
the state of the transmission facilities of electrical corporations
and to finance necessary improvements and expansion of the state's
electrical transmission system and (2) authority for the state to
contract with electrical corporations for the ongoing maintenance,
repair, construction, expansion, or improvement of the transmission
facilities purchased by the state under the adopted plan.   If a
plan is formulated, the bill would require the plan to include
provisions to recover General Fund costs associated with the
formulation of the plan. 
   Vote:  majority.  Appropriation:  no.  Fiscal committee:  yes.
State-mandated local program:  no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:


  SECTION 1.   SEction   Section  330.5 is
added to the Public Utilities Code, to read:
   330.5.  (a) The Governor may formulate a plan, through negotiation
with representatives of electrical corporations, as defined in
Section 218, for the state to purchase the transmission facilities
owned by electrical corporations in California  that were under
the operational control of the Independent System Operator as of
January 1, 2001  .
   (b) The Governor shall submit the plan formulated under
subdivision (a) to the Legislature for its consideration for
subsequent adoption by statute and any necessary additional
implementing legislation, which may include, but need not be limited
to, all of the following:
   (1) Authority for the State Treasurer to issue revenue bonds to
finance the acquisition by the state of the transmission facilities
of electrical corporations and to finance necessary improvements and
expansion of the state's electrical transmission system.
   (2) Authority for the state to contract with electrical
corporations for the ongoing maintenance, repair, construction,
expansion, or improvement of the transmission facilities purchased by
the state under the adopted plan.  
   (c) If a plan is formulated, the plan shall include provisions to
recover General Fund costs associated with the formulation of the
plan.                                ____ CORRECTIONS Heading --
Lines 1, 2.                               ____