DIGEST OF INTRODUCED BILL
Funding for center for coal technology research. Requires an electric distribution utility to annually certify to the utility regulatory commission and the department of state revenue (department) the utility's coal generated electricity ratio for the ensuing calendar year. Provides that the ratio equals: (1) the amount of retail electric service generated from the utility's coal-fired generating facilities; divided by (2) the total amount of retail electric service provided by the utility; during the 12 monthly billing cycles preceding the date of certification. Requires a utility to collect a monthly coal technology fee from all retail customers. Provides that the amount of the fee equals: (1) $0.000049 per kilowatt hour of electricity consumed by the customer; multiplied by (2) the utility's coal generated electricity ratio. Requires a utility to remit the fees collected to the department. Requires the budget agency to create a coal technology fee account within the coal technology research fund for the receipt of the fees. Provides that money in the account may be spent by the center for coal technology research for administrative and research expenses and to provide matching funds for federal clean coal technology programs. Limits the amount spent for research and administrative expenses to $500,000 in a fiscal year.