Montana Electrical Deregulation Changes, Referendum IR-117 (2002)
The initiative sought to repeal HB 474, relating to the deregulation of the electric power industry.
|IR-117 (Approve (yes) or Reject (no) HB474 - Electrical Deregulation Changes)|
Note: The actual language of the ballot of the veto referendum asked whether voters approved or rejected HB474. Therefore, in the above chart, "yes" means "approve" and "no" means "reject".
Official results via: The Montana Secretary of State
Text of measure
The language that appeared on the ballot:
This proposal seeks a public vote on House Bill 474, passed by the 2001 Legislature. HB 474, among other things, changes provisions regarding the deregulation of the electricity industry. It extends the transition to full consumer choice of electricity providers to 2007. It directs the Public Service Commission to set consumer rates to ensure full recovery of all prudently incurred costs by power suppliers. It creates a public Power Authority to construct, finance, and operate electrical facilities funded by state bonds. The bill creates, but does not fund, a consumer support program to ensure the availability of affordable power.
It is not possible to determine the financial impact of this proposal due to the uncertainties in the electricity and bond markets.
A "yes" vote is to APPROVE House Bill 474, a bill that changes provisions of the deregulation of the electricity industry.
A "no" vote is to REJECT House Bill 474, a bill that changes provisions of the deregulation of the electricity industry.
- List of proposed statutes on the Montana ballot
- 2002 Election Results - The Montana Secretary of State