Montana Hydroelectric Security Act, I-145 (2002)
The initiative sought to create a public power commission to purchase or condemn hydroelectric dams for the public's interest.
|I-145 (Montana Hydroelectric Security Act)|
Official results via: The Montana Secretary of State
Text of measure
The language that appeared on the ballot:
This initiative creates an elected public power commission to determine whether purchasing hydroelectric dams in Montana is in the public interest and repeals the Montana Power Authority created by the 2001 legislature. The commission could negotiate to purchase the dams or, if necessary, use the power of condemnation to acquire the dams at fair market value. To pay for the dams, the state could issue $500 million in bonds to be repaid by the sale of generated electricity. Montana’s small consumers would get priority to purchase the electricity. The commission also may invest in renewable energy and conservation projects.
Costs for assessing if acquisition of one or more hydroelectric facilities is in the public interest could be from $6 to $12 million. Purchase price and other costs are undeterminable now.