HOUSE BILL No. 5458


     November 28, 2001, Introduced by Rep. Rivet and referred to the Committee on Energy and Technology.


        A bill to amend 1976 PA 448, entitled

   "Michigan energy employment act of 1976,"

   by amending section 44 (MCL 460.844).

               THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

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           Sec. 44.  (1) A joint agency may sell or exchange the excess

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      capacity or output of a project not  then  required by any of its

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      members for  a  consideration  and for a period and  upon
   terms

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      and conditions as  may be  determined by the parties.  ; pro-

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      vided, however, that such  THE sale or exchange OF EXCESS CAPAC-

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      ITY OR OUTPUT shall not be made with a municipality not engaged

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      in the generating, transmitting, or distributing of electricity

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      as of  the effective date of this act  JANUARY 13, 1977, unless

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      no other power utility is willing to enter into  such  A sale or

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      exchange upon equally favorable terms and conditions.




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           (2) A JOINT AGENCY MAY DO EITHER OF THE FOLLOWING:

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           (A) TRANSFER ALL OR PART OF ITS INTEREST IN TRANSMISSION

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      FACILITIES TO A MULTISTATE REGIONAL TRANSMISSION SYSTEM ORGANIZA-

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      TION APPROVED BY THE FEDERAL GOVERNMENT AND OPERATING IN THIS

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      STATE OR TO 1 OR MORE OF ITS TRANSMISSION-OWNING MEMBERS.

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           (B) PURCHASE, ACQUIRE, SELL, OR OTHERWISE TRANSFER STOCK

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      MEMBERSHIP UNITS, OR ANY OTHER INTEREST IN A MULTISTATE REGIONAL

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      TRANSMISSION SYSTEM ORGANIZATION APPROVED BY THE FEDERAL GOVERN-

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      MENT AND OPERATING IN THIS STATE OR TO 1 OR MORE OF ITS

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      TRANSMISSION-OWNING MEMBERS.




































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