All Roll Calls
Yes: 214 • No: 3
Sponsored By: Bill Cowsert (Republican)
Became Law
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3 provisions identified: 2 benefits, 0 costs, 1 mixed.
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.
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.
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.
Bill Cowsert
Republican • Senate
Charles Martin
Republican • House
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
Effective Date
Senate Date Signed by Governor
Act 296
Senate Sent to Governor
House Third Readers
House Passed/Adopted
House Committee Favorably Reported
House Second Readers
House First Readers
Senate Tabled
Senate Taken from Table
Senate Third Read
Senate Passed/Adopted By Substitute
Senate Read Second Time
Senate Committee Favorably Reported By Substitute
Senate Read and Referred
Senate Hopper
SB 256/AP* (v7)
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