Senator Ott proposes the following amendment (SR-3309.CEM0018S):

Amend the bill, as and if amended, by adding an appropriately numbered SECTION to read:

SECTION X. (A) Five years after the effective date of this act, the Department of Administration shall engage a qualified, independent third party to prepare a report, to be filed with the Public Utilities Review Committee, the Office of Regulatory Staff, and the General Assembly, to address the implementation of Article 24, Chapter 27, Title 58 as it relates to the following areas:
  (1) assessing the functioning of the procedures established by Section with recommendation for any changes required to ensure their efficient functioning, to promote regulatory efficiency, and to make further the establishment of just, reasonable, and fair rates;
  (2) assessing the effect of rates on ratepayers of all classes;
  (3) assessing the reliability of the electric system and whether investments made by electric utilities increased reliability compared to any change in electric utility rates experienced by ratepayers within the same timeframe; and
  (4) any other information requested by the General Assembly to be included within the report.
 (B) All expenses and charges incurred by the Department of Administration in the performance of its duties within this section shall be defrayed by assessments made by the Comptroller General against the regulated electrical utilities regulated and based upon twenty five percent of the gross revenues collected by such electrical utilities from their business done wholly within this State in the manner set out in Section 58-3-100 for other corporations.

Renumber sections to conform.

Amend title to conform.