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H.R. 4427 (114th): To amend section 203 of the Federal Power Act.

The text of the bill below is as of Mar 14, 2016 (Reported by House Committee).


IB

Union Calendar No. 346

114th CONGRESS

2d Session

H. R. 4427

[Report No. 114–451]

IN THE HOUSE OF REPRESENTATIVES

February 2, 2016

(for himself, Mr. Hudson, and Mr. Mullin) introduced the following bill; which was referred to the Committee on Energy and Commerce

March 14, 2016

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on February 2, 2016


A BILL

To amend section 203 of the Federal Power Act.


1.

Clarification of facility merger authorization

Section 203(a)(1)(B) of the Federal Power Act (16 U.S.C. 824b(a)(1)(B)) is amended by striking such facilities or any part thereof and inserting such facilities, or any part thereof, of a value in excess of $10,000,000.

2.

Notification for certain transactions

Section 203(a) of the Federal Power Act (16 U.S.C. 824b(a)) is amended by adding at the end the following new paragraph:

(7)
(A)

Not later than 180 days after the date of enactment of this paragraph, the Commission shall promulgate a rule requiring any public utility that is seeking to merge or consolidate, directly or indirectly, its facilities subject to the jurisdiction of the Commission, or any part thereof, with those of any other person, to notify the Commission of such transaction if—

(i)

such facilities, or any part thereof, are of a value in excess of $1,000,000; and

(ii)

such public utility is not required to secure an order of the Commission under paragraph (1)(B).

(B)

In establishing any notification requirement under subparagraph (A), the Commission shall, to the maximum extent practicable, minimize the paperwork burden resulting from the collection of information.

.

3.

Effective date

The amendment made by section 1 shall take effect 180 days after the date of enactment of this Act.

March 14, 2016

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed