✔️ HB66
Repeal H.B. 6 - 133rd GA legacy generation resource provisions
Summary
This bill repeals the legacy generation resource provisions of H.B. 6 from the 133rd General Assembly and mandates refunds to customers for amounts collected under those provisions. It terminates any mechanisms for retail recovery of costs associated with legacy generation resources and requires that all revenues collected from customers through those mechanisms be refunded promptly.
Rationale
The bill's focus on repealing provisions related to legacy generation resources and providing refunds aligns with the Libertarian emphasis on reducing government intervention in markets. However, the bill still involves government regulation of the energy sector, which may conflict with the LP's principles of minimal government interference. The LPO's support for free markets and opposition to government contracts that create cronyism aligns more closely with the bill's intent to eliminate certain government-imposed costs.
Risks and Concerns
- Potential for increased government control over energy markets
- Risk of cronyism if not managed properly
- Uncertainty in energy pricing due to regulatory changes