All Oil and Natural Gas Legislation - Kentucky

Create a new section of KRS Chapter 278 to require public utility planning for research, development, demonstration, and deployment of strategies and technologies for capturing, reducing, managing, and sequestering carbon dioxide emissions resulting from the combustion of coal and natural gas for generating electricity; direct the Public Service Commission to provide for recovery of prudent and reasonable costs for such activities through periodic rate case proceedings; direct the Public Service Commission to commence a rulemaking proceeding no later than the effective date of this Act to require utilities that operate fossil-fueled generating facilities in the Commonwealth to initiate strategic, long-range planning for management, control, and sequestration of carbon dioxide emissions; provide for Public Service Commission evaluation of all options and strategies that may be cost-effective for reducing carbon dioxide emissions from fossil fuel combustion, including retrofit installations [...]

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Create new sections of KRS 353 to provide for the creation of Gas Acquisition Authorities for acquiring and financing reliable and economical supplies of natural gas for the use and benefit of municipal utilities; provide that a Gas Acquisition Authority is created by interlocal cooperation agreement between two or more municipal gas systems following the procedures and requirements of the Interlocal Cooperation Act, including approval of the Interlocal Cooperation Agreement by the Department for Local Government; provide that a: Gas Acquisition Authority is a political subdivision of the state; is subject to the Commonwealth's open public meeting and public records laws; has all powers necessary to acquire, own, and manage reliable and economic supplies of gas; may enter into all contracts necessary or related to accomplishment of its purposes; may issue bonds to finance the cost of acquiring gas supplies and may pledge revenues to secure the bonds; may enter into contracts for the sale [...]

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