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Bill Summary Details

Utility Construction Contracting Services (Oppose – Mandate)

SB 1710 (Torres) prohibits investor-owned utilities and municipal electric utilities or an affiliate of such utility from engaging in construction contracting as defined in Chapter 489, Florida Statutes, and prohibits such utility or affiliate from providing bookkeeping, billing, financial, legal or insurance products or services that are related to construction contracting, including warranty products or construction liens. The bill prohibits such utilities or affiliates from engaging in construction contracting services in a manner that subsidizes the activities of the utility to the extent of changing rates or service charges. Affiliates or contractors are prohibited from using any utility asset, the cost of which is recoverable in the utility’s regulated rates, to engage in construction contracting services unless the utility is compensated for use of the asset. (O’Hara)