GeorgiaSB 2562025-2026 Regular SessionSenateWALLET

Electric Membership Corporation; disclose certain acquisitions and other information to its members within a certain time frame; require

Sponsored By: Bill Cowsert (Republican)

Became Law

Energy, Utilities & TelecommunicationsRegulated Industries and UtilitiesGeneral Bill

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

Caps and member notices for co-op gas deals

The law caps co-op support for a gas affiliate at 25% of net utility plant, excluding electric generation and transmission assets under FERC accounts. Investments, loans, and guarantees cannot use tax-exempt-style rates or be tied to federal or state guaranteed loans. If a deal pushes exposure over 15%, the co-op must notify members within six months. The notice must describe the assets bought, the date, any co-op assets pledged, totals for assets and debts, total generation and transmission assets, and the percent of net utility plant used. Each year while above 15%, the co-op must also report the total annual cost of the gas it sells.

Electric co-ops may form gas affiliates

The law treats forming, funding, or managing gas affiliates and customer-service companies as part of an electric co-op’s purpose. An EMC gas affiliate organized under state law can apply for a certificate to provide authorized gas services.

Limits on LPG business by gas providers

The law bars gas distribution companies, certificated marketers, and the regulated provider from doing LPG production, transport, marketing, or distribution. A distribution company may still use LPG for system balancing and peaking on its own system.

Sponsors & Cosponsors

Sponsor

  • Bill Cowsert

    Republican • Senate

Cosponsors

  • Charles Martin

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 214 • No: 3

House vote 3/31/2025

PASSAGE

Yes: 163 • No: 1

Senate vote 3/6/2025

PASSAGE BY SUBSTITUTE

Yes: 51 • No: 2

Actions Timeline

  1. Effective Date

    7/1/2025
  2. Senate Date Signed by Governor

    5/14/2025Senate
  3. Act 296

    5/14/2025
  4. Senate Sent to Governor

    4/7/2025Senate
  5. House Third Readers

    3/31/2025House
  6. House Passed/Adopted

    3/31/2025House
  7. House Committee Favorably Reported

    3/25/2025House
  8. House Second Readers

    3/11/2025House
  9. House First Readers

    3/10/2025House
  10. Senate Tabled

    3/6/2025Senate
  11. Senate Taken from Table

    3/6/2025Senate
  12. Senate Third Read

    3/6/2025Senate
  13. Senate Passed/Adopted By Substitute

    3/6/2025Senate
  14. Senate Read Second Time

    3/4/2025Senate
  15. Senate Committee Favorably Reported By Substitute

    3/3/2025Senate
  16. Senate Read and Referred

    2/26/2025Senate
  17. Senate Hopper

    2/25/2025Senate

Bill Text

  • SB 256/AP* (v7)

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