An Act To Enhance the Reliability and Competitiveness of Maine's Electricity Market
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 35-A MRSA §3204, sub-§6, as enacted by PL 1997, c. 316, §3, is amended to read:
6. Generation assets required. On or after March 1, 2000, notwithstanding Notwithstanding any other provision in this chapter, the commission may allow order an investor-owned transmission and distribution utility to own, have a financial interest in or otherwise control generation and generation-related assets to the extent that the commission finds that ownership, interest or control is necessary for the utility to perform its obligations as a transmission and distribution utility in an efficient manner such ownership or control is necessary for the utility to perform its obligations as a transmission and distribution utility to provide reliable and efficient service, including the creation or enhancement of the competitive market for electricity.
summary
This bill allows the Public Utilities Commission to order investor-owned transmission and distribution utilities to own or control generation assets if the commission determines that ownership or control is necessary to provide reliable and efficient service.