Video & Transcript Research : 'debt'
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TX
Transcript Highlights:
- You know, take care of the debt that they owe Texas growers, but to answer your question... question
- that the debt is debt over the five years so they've already surpassed the five years and they're still
- We've gone from a system where Texas used to build roads based on debt, on toll roads, you know, that
- pursue their ambitions in large and food animal medicine, even if they could more easily pay off their debt
LA
Louisiana 2026 Regular Session
House of Representatives May 29th, 2026
Louisiana House Floor Meeting
Transcript Highlights:
- Senate Bill 414 by Senator Talbot provides relative to medical debt protection to create the Louisiana
- Medical Debt Protection Act and provide for interest rate limitations.
- from exorbitant interest rates on medically necessary care by capping the interest rate on medical debt
Bills:
HR310, HR314, HR316, HR317, HR321, HR275, HR276, HR279, HR282, HR286, HR289, HR292, HR295, HR302, HR319, HCR112, HR307, SCR59, SCR61, SCR62, SCR68, SCR69, SCR70, SCR54, SCR55, SCR64, SCR75, HCR3, HCR49, HCR66, HCR67, HB1, HB2, HB42, HB45, HB66, HB71, HB79, HB126, HB133, HB145, HB159, HB167, HB213, HB218, HB222, HB289, HB291, HB312, HB313, HB316, HB324, HB352, HB383, HB398, HB403, HB429, HB457, HB459, HB511, HB549, HB571, HB579, HB591, HB608, HB616, HB624, HB766, HB769, HB783, HB799, HB804, HB864, HB874, HB909, HB951, HB971, HB983, HB1005, HB1017, HB1051, HB1056, HB1095, HB1126, HB1129, HB1186, HB1193, HB1223, HB1224, HB1230, HB1235, HB1249, HB723, HB36, HB140, HB181, HB198, HB205, HB211, HB226, HB259, HB271, HB302, HB335, HB342, HB487, HB513, HB623, HB682, HB730, HB740, HB761, HB775, HB797, HB812, HB816, HB940, HB968, HB979, HB1028, HB1029, HB1038, HB1049, HB1084, HB1161, HB1194, HB1199, HB1201, HB1203, HB1247, HB1256, SB25, SB132, SB155, SB157, SB202, SB228, SB237, SB250, SB405, SB406, SB414, SB433, SB480, SB513, SB149, HB359, SB29, SB43, SB78, HB210, HB258, HB468, HB784, HB134, HB1117, SB42, SB274, SB382, SB449, SB300, HR74, HB463, HB715, HB998, SB80, SB268, SB444, SB479, HB901, HR20, HCR65, HCR71, HCR98, HB284, HB306, HB341, HB366, HB393, HB458, HB577, HB603, HB605, HB614, HB625, HB646, HB733, HB752, HB773, HB798, HB911, HB955, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1191, HB1240, HB1255, SB82, SB89, SB97, SB123, HB74, HB119, HB368, HB414, HB552, HB732, HB776, HB848, HB870, HB953, HB956, HB1236, SB208, SB217, SB283, SB387, SB389, SB401, SB408, SB469
Keywords:
oil and gas, orphan wells, inactive wells, shut-in wells, marginal wells, plugging and abandonment, well decommissioning, site remediation, site restoration, Oilfield Site Restoration, OSR program, financial security, bonding, taxpayer liability, public liability, offshore wells, onshore wells, coastal erosion, Department of Conservation and Energy, natural resources
LA
Louisiana 2026 Regular Session
House of Representatives May 29th, 2026
Louisiana House Floor Meeting
Transcript Highlights:
- Senate Bill 414 by Senator Talbot provides relative to medical debt protection and creates the Louisiana
- Medical Debt Protection Act, providing for interest rate limitations.
- from exorbitant interest rates on medically necessary care by capping the interest rate on medical debt
Bills:
HR310, HR314, HR316, HR317, HR321, HR275, HR276, HR279, HR282, HR286, HR289, HR292, HR295, HR302, HR319, HCR112, HR307, SCR59, SCR61, SCR62, SCR68, SCR69, SCR70, SCR54, SCR55, SCR64, SCR75, HCR3, HCR49, HCR66, HCR67, HB1, HB2, HB42, HB45, HB66, HB71, HB79, HB126, HB133, HB145, HB159, HB167, HB213, HB218, HB222, HB289, HB291, HB312, HB313, HB316, HB324, HB352, HB383, HB398, HB403, HB429, HB457, HB459, HB511, HB549, HB571, HB579, HB591, HB608, HB616, HB624, HB766, HB769, HB783, HB799, HB804, HB864, HB874, HB909, HB951, HB971, HB983, HB1005, HB1017, HB1051, HB1056, HB1095, HB1126, HB1129, HB1186, HB1193, HB1223, HB1224, HB1230, HB1235, HB1249, HB723, HB36, HB140, HB181, HB198, HB205, HB211, HB226, HB259, HB271, HB302, HB335, HB342, HB487, HB513, HB623, HB682, HB730, HB740, HB761, HB775, HB797, HB812, HB816, HB940, HB968, HB979, HB1028, HB1029, HB1038, HB1049, HB1084, HB1161, HB1194, HB1199, HB1201, HB1203, HB1247, HB1256, SB25, SB132, SB155, SB157, SB202, SB228, SB237, SB250, SB405, SB406, SB414, SB433, SB480, SB513, SB149, HB359, SB29, SB43, SB78, HB210, HB258, HB468, HB784, HB134, HB1117, SB42, SB274, SB382, SB449, SB300, HR74, HB463, HB715, HB998, SB80, SB268, SB444, SB479, HB901, HR20, HCR65, HCR71, HCR98, HB284, HB306, HB341, HB366, HB393, HB458, HB577, HB603, HB605, HB614, HB625, HB646, HB733, HB752, HB773, HB798, HB911, HB955, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1191, HB1240, HB1255, SB82, SB89, SB97, SB123, HB74, HB119, HB368, HB414, HB552, HB732, HB776, HB848, HB870, HB953, HB956, HB1236, SB208, SB217, SB283, SB387, SB389, SB401, SB408, SB469
Keywords:
oil and gas, orphan wells, inactive wells, shut-in wells, marginal wells, plugging and abandonment, well decommissioning, site remediation, site restoration, Oilfield Site Restoration, OSR program, financial security, bonding, taxpayer liability, public liability, offshore wells, onshore wells, coastal erosion, Department of Conservation and Energy, natural resources
Summary:
The House met with a quorum, opened with prayer and the Pledge of Allegiance, and then received Senate messages, committee enrollment reports, and a series of House resolutions. Members adopted or advanced numerous resolutions recognizing individuals and institutions, expressing condolences, and creating or continuing study task forces on topics including homeownership assistance, speech-language pathology assistant licensure, clean water, Medicaid reporting, voter accessibility, air monitoring, fire chief operations, maternal health, and other issues. Several Senate resolutions were also concurred in, and personal privileges were used to recognize the family of Susan Ann Taylor Bidding and to commend Anita Whitaker LaFontaine and her father, Green Whitaker, Sr.
The House then moved through Senate bills on final passage. Bills approved included measures on registrar of voters compensation, dental coverage related to cancer treatment, paid parental leave planning for educators, election supervisor compensation days, weight management services, nursing facility quality oversight, a Slidell hotel occupancy tax subject to voter approval, medical debt interest-rate limits, Medicaid coverage for weight-loss medications, a shrimping-related butterfly net exception, public works design-build contracting, and a municipal lead-service-line replacement measure. Some bills were temporarily returned to the calendar, including measures on water utility service lines and registrar compensation, while others passed with strong bipartisan margins.
The chamber also considered Senate amendments to many House bills and concurrent resolutions. Members concurred in amendments on topics such as hospital stabilization, student loan access for certain professional degrees, rural economic development, behavioral health and school policies, retirement and compensation provisions, food labeling, climate-change litigation, school emergency plans, anti-cancer medication coverage, domestic abuse procedures, and several infrastructure and workforce measures. A few bills were rejected for further conference, including some retirement, alternative power, and AI-related provisions. The session ended with the House taking a one-hour recess for lunch, with instructions to return by 12:45.
MS
Transcript Highlights:
- , be sued, afforded protections of MTCA, maintain offices, invest money, pay or refinance existing debt
- , employ staff, establish rates, adopt a seal, and write off uncollectible debt.
- 1311 in<00:09:43.600>
code Section 23: No bond issued by the authority shall be considered a debt
Summary:
The committee first considered House Bill 1049, which was explained as a House vehicle used to insert two previously introduced Senate bills: the rural water oversight committee bill and a measure expanding PSC authority to reject certain certificated areas for municipalities serving customers more than one mile outside city limits, with water utilities added to the existing electric utility language. The committee adopted the strike-off amendment and then passed the amended bill, which was reported out.
Next, House Bill 1305 was taken up. The bill would expand oversight of municipally owned electrical distribution systems by allowing the Public Service Commission to conduct audits, but it included a reverse repealer because further work was still needed. The sponsor said he wanted to ensure systems that do not need auditing are not unnecessarily included. The committee adopted the strike-off amendment and then reported the bill.
The final and most detailed item was a bill creating the Metro Jackson Water Authority. The sponsor described it as a response to Jackson’s water crisis and warned that without action the city could face bankruptcy and bondholder enforcement. The bill would create a new authority covering Jackson water and wastewater service areas, establish a board with appointments by the mayor, governor, lieutenant governor, and others, transfer operations when the court-ordered process ends, and give the authority powers over rates, contracts, bonds, procurement, reporting, and related financial matters. A committee member asked whether population-based language would capture any city other than Jackson; the sponsor said Jackson is the only city over 100,000 population and acknowledged a drafting issue, noting the reverse repealer was included because the bill was not yet perfect. After the strike-off was adopted, the committee voted to report the bill.
OK
Oklahoma 2026 Regular Session
Appropriations and Budget REVISED: Time changed to 2:30 p.m. for Oklahoma State Regents for Higher Education
Appropriations and Budget
Transcript Highlights:
- because we're very proud to say that our undergraduate and graduate students don't have that kind of debt
- they've had before to make it extremely economical for a student to get a teaching degree to where their debt
- is minimal, if not zero, and being able to get out of a teaching degree with zero debt going into the
NH
FL
Transcript Highlights:
- nursing shortage, it leaves students who are unable to pass the NCLEX test with high student loan debt
- seeing that because there are students that are left at the end of the day holding a huge amount of debt
- around high costs of living, around high cost of education, around young people being faced with loan debt
Summary:
The Education and Employment Committee met with a quorum and considered one bill, HB 121 by Representative Overdorf, relating to nursing education programs. The sponsor said Florida’s nursing shortage is projected to worsen and argued that low NCLEX passage rates show some programs are not adequately preparing students. The bill would tighten probation for underperforming programs, require program directors to be accountable, authorize Department of Health on-site inspections, require admission criteria and public posting of NCLEX passage rates, and require tuition reimbursement and free remediation for students at programs with passage rates below 30 percent.
Members asked about how the bill would interact with the Board of Nursing, the Commission for Independent Education, and other agencies, and whether it would address fraudulent or low-quality schools. An opponent from the Florida Association of Independent Nursing Schools said current law already requires Board of Nursing and commission review, institutional accreditation, and provisional status for programs on probation, and argued the bill could reduce the supply of nurses. He also said Florida’s NCLEX results had recently improved. A representative of the Florida Nurses Association supported the bill, saying weak programs waste students’ time and money and do not produce licensed nurses.
During debate, several members described concerns about diploma mills, fraudulent programs, student debt, and the need for stronger screening and accountability. Others emphasized that raising standards would improve patient safety and help ensure better-prepared nurses. The chair noted the importance of private nursing colleges in the state’s nursing pipeline. The committee then voted 19-0 to report HB 121 favorably and adjourned.
TX
Transcript Highlights:
- money to make these investments has a direct benefit to customers who pay the cost of money and my debt
- CenterPoint mentioned is that certainly with the growth in the new pipe you're putting in and the amount of debt
- The more debt I take on, the worse my credit rating becomes, so credit positive legislation helps to
Keywords:
occupational licenses, renewal, Texas Commission on Environmental Quality, registration, license expiration, HB 2663, inactive well, plugging extension, Railroad Commission of Texas, RRC, oil and gas, orphan wells, well cleanup, well plugging, abandoned wells, surface equipment removal, electric service termination, administrative penalty, Natural Resources Code, Section 89.029
AL
Alabama 2025 Regular Session
Alabama Senate Veterans and Military Affairs Committee Feb 5th, 2025
Veterans and Military Affairs
Transcript Highlights:
- with an exemption from property taxes; however, those property taxes are still considered in their debt-to-income
- What we're working to do here is to ensure that the property tax does not count against them as debt
- This would ensure a fair representation of what their debt-to-income ratio is. Next slide.
NH
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration May 20th, 2025
Transcript Highlights:
- This is issue 15, court order debt, for the trailer bill language.
- Under FTB's court order debt program, FTB collects money owed to state and local agencies pursuant to
- order debt program, but the cost of collecting the remaining amounts has not changed.
- It helps collect court order debt.
- So there's debt that are like maybe parking fines or restitution fees and fines.
Summary:
The subcommittee first heard an informational presentation on the May Revision’s proposed reorganization of the Business, Consumer Services and Housing Agency into separate housing-focused and consumer/business-focused entities. Administration officials said the split would improve oversight, streamline decision-making, and create a dedicated California Housing and Homelessness Agency with a new housing development and finance committee. The Department of Finance said funding was needed in 2025-26 to begin implementation, while the LAO recommended rejecting the proposal without prejudice because the Little Hoover Commission review was still pending and the plan would require ongoing General Fund costs. Members raised concerns about the timing, the lack of alignment with the budget process, and whether the reorganization would improve accountability for homelessness spending; several public witnesses supported the concept but stressed it could not substitute for new housing and homelessness dollars.
The committee then took up the Department of Veterans Affairs. CalVet requested funding for phase three of its electronic health care record project and a trailer bill to preserve authority for federal background checks, but the May Revision withdrew requests for deferred maintenance and additional administrative support. The LAO noted deferred maintenance can prevent larger future costs, and the chair criticized the withdrawal of less than $1 million for veterans’ homes as short-sighted given existing repair needs. No vote was taken.
Next, the Department of Housing and Community Development presented its budget. HCD said the May Revision provides no new affordable housing or homelessness funding, but does retain existing rounds of funding and proposes a $31.7 million reversion from undersubscribed housing programs. Members from both parties expressed concern about zeroing out ongoing housing and homelessness investments, especially for LIHTC, the Multifamily Housing Program, and HAP. HCD also defended its homelessness accountability and compliance work, saying the unit includes about 30 program staff and six attorneys, with three additional attorneys requested mainly to handle public records and litigation workload. Public commenters largely opposed the lack of new funding and urged continued support for housing and homelessness programs, while some supported the reorganization and accountability efforts.
Finally, the committee heard Go-Biz proposals. The administration requested authority to increase funding for a federal trade program match if needed, plus reappropriations for administrative funds tied to the Containerized Ports Interoperability Grant Program, zero-emission vehicle operations, and the Women’s Business Center Enhancement Program. It also proposed withdrawing the Cal Competes grant request and reverting remaining funds from the Performing Arts Equitable Payroll Fund. The LAO said Cal Competes is generally effective but could be cut as a budget solution, while warning that the performing arts fund was close to awards and should be considered carefully. Members objected to pulling back committed funds for performing arts organizations and questioned why the state would withdraw support after applications had already been submitted.
MN
Minnesota 2025-2026 Regular Session
Committee on Health and Human Services - 04/03/25
Health and Human Services
Transcript Highlights:
- since 1972, and in that time frame, we have accomplished 253 financings with over $3.57 billion of debt
- Uh, we function as a conduit borrower, which is to say we issue the debt and then loan the proceeds to
- $3.57 billion of debt issued to date. $3.57 billion of debt issued to date.
- ><00:37:08.800>
and <00:37:09.040>then <00:37:09.200>loan to say we issue the debt - and then loan to say we issue the debt and then loan the<00:37:09.760>
proceeds <00:37:10.240>
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, June 10, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- And the truth is this big ugly bill will bankrupt future generations by exploding the debt.
- It'll hurt our exploding the debt.
- Again, this adds trillions to the debt.
- With that, I deficit and the debt.
- And that gap is the debt and deficits.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Friday, May 15, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- We owe them a debt of gratitude that spans generations.
- We<00:10:42.800>
owe <00:10:42.880>them <00:10:43.040>a <00:10:43.279>debt - We owe them a debt for every American.
- We owe them a debt of<00:10:43.680>
gratitude <00:10:44.240>that <00:10:44.560>spans - tender for all debts, public charges, taxes,<02:27:28.080>
and <02:27:28.240>dues.
KY
Kentucky 2026 Regular Session
Senate Standing Committee on Appropriation and Revenue. (1-28-26)
Transcript Highlights:
- And we always pay attention to debt service.
- Uh, and so, you know, we only sell debt when we need the funds.
- So we're going to have a lower debt service in the first year simply because of timing of issuance.
- we we budget the debt service. we we budget the debt service.
- capacity calculation, not only the debt capacity calculation, not only the general<00:48:50.079>
Summary:
The committee met to hear a presentation from Dr. Hicks on the governor’s recommended budget for the next biennium. He reviewed the revenue outlook, noting modest general fund growth, a large rainy day fund balance, and the impact of recent income tax reductions. He said the budget was built around recurring reductions, lower debt service and retirement contribution rates, and the use of excess restricted funds, while protecting K-12 education, Medicaid, postsecondary education, public safety, and pension obligations.
Dr. Hicks outlined several major spending and reserve proposals, including $350 million from the Department of Insurance’s excess restricted funds to support Medicaid in the first year, $150 million for the affordable housing trust fund, $125 million for rural hospitals, $100 million to offset lost federal ACA premium tax credits, $75 million for utility assistance, and $50 million for food assistance. In education, the proposal included a phased pre-K for all plan funded by sports wagering tax revenue, a 3% annual salary increase for full-time school personnel, continued full funding of teacher pensions, a 2.5% annual increase in SEEK base funding, and additional support for career and technical education and school facilities.
He also discussed Medicaid cost pressures, including higher managed care, pharmacy, behavioral health, and nursing facility costs, and explained the expected effects of federal HR1 changes on Kentucky’s Medicaid program. Those changes include work and community engagement requirements and more frequent eligibility redeterminations for expansion members, which the administration estimated would reduce enrollment by about 4,300 in the first year and 28,000 in the second year. No votes or formal committee actions were taken during the meeting, which was limited to the budget presentation and member questions.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation May 20th, 2025
Transcript Highlights:
- DWR has been adjudicated against saying that they don't have the authority to issue bond debt.
- The second, this would allow for an unlimited amount of bond debt to be able to be implemented. ...at
- debt service while the project is getting built.
- But it's a blanket to allow to issue whatever debt. Of this.
- But it's a blanket to allow to issue whatever debt.
Summary:
The hearing opened with budget framing from the chair and the LAO, who said the May Revision addresses roughly a $14 billion budget problem and that the environment and transportation subcommittee’s proposals account for about $1.9 billion of the solution. The LAO urged members to focus on solutions that do not worsen out-year deficits, to preserve reserves, and to defer major policy changes that are not necessary to pass the budget, including the newly introduced water-related trailer bills. Members also raised concern about a late-dropped Olympic-related trailer bill, which the LAO likewise suggested should be deferred for fuller review.
The first major item was the Delta Conveyance Project and related water quality control plan trailer bills. The administration argued the proposals would streamline permitting, water rights proceedings, judicial review, and land acquisition, and would clarify DWR’s bond authority for the project. DWR said the project is needed to protect water supply reliability against drought, earthquakes, sea level rise, and other climate-related disruptions, and that the tunnel would help move water when conditions are wet and safer for the environment. Committee members from both parties questioned the timing, the use of budget trailer bills for major policy changes, the scope of the CEQA and water-rights changes, the lack of a bond cap, cost growth, and eminent domain protections. The LAO recommended deferring both water trailer bills without prejudice. Public comment was sharply divided, with labor, water agencies, and some business groups supporting the project as climate adaptation and reliability infrastructure, while environmental, tribal, fishing, county, and community groups opposed it as an attempt to bypass public process and weaken protections.
The committee then briefly heard the DMV’s Digital Experience Platform fee trailer bill, which would reinstate a $1 system improvement fee to help fund the vehicle-registration phase of the project. DMV said the fee would raise about $7 million annually and offset roughly $59 million to $60 million of project costs, while the LAO noted it would help but would not solve the Motor Vehicle Account’s broader structural gap. The hearing then moved to California High-Speed Rail, where the new CEO presented an updated plan and said the project remains a major climate and infrastructure investment. He reported a revised Merced-to-Bakersfield cost range of $34.9 billion to $38.5 billion, said the agency is trying to reduce risk through direct procurement of materials, and argued that stable annual funding is needed to avoid higher costs from delays.
CA
California 2025-2026 Regular Session
Assembly Public Safety Committee Apr 29th, 2025
Transcript Highlights:
- Danica Wrote, on behalf of Initiate Justice and Debt Free Justice California, in respectful opposition
- Danick Road, Arminal, on behalf of Initiate Justice and Debt Free Justice California, in strong support
- Danica wrote, on behalf of Initiate Justice, Law Defense, and Debt Free Justice California, in strong
- Danica wrote our amount on behalf of Initiative Justice, Debt-Free Justice California, Smart Justice
- Danica wrote our amount on behalf of initiate justice, debt-free justice, California, smart justice,
Summary:
The committee heard several public safety measures, beginning with housekeeping items and the adoption of a four-bill consent calendar. Bills on the consent calendar included AB 476 on metal theft, AB 619 on California Conservation Corps training for formerly incarcerated people, AB 1192 on child abuse or neglect reporting, and AB 1239 on human trafficking data. Several bills were pulled by the authors before hearing, and the committee also announced that AB 379 would be heard with a file notice waiver and AB 63 would be for testimony only.
The most extensive discussion was on AB 366, which would require ignition interlock devices for anyone convicted of DUI. The author, Senator Archuleta, and a MADD representative gave emotional testimony about family members killed by drunk drivers and argued the bill would save lives. Support came from law enforcement, fire, medical, auto club, and safety groups. Opposition from public defenders and criminal justice advocates focused on loss of judicial discretion, costs for low-income drivers, and concerns about vendor oversight and effectiveness. The committee voted to pass AB 366 as amended to Appropriations.
The committee also heard AB 1380, which would create a permanent pathway into firefighting careers for formerly incarcerated people who served on Cal Fire hand crews. The author and supporters said the bill would recognize service, improve reentry, and reduce recidivism; a fire labor group withdrew its opposition after amendments were discussed. The measure passed to Appropriations, though it remained on call pending one additional vote. AB 461, which would remove criminal penalties for parents of truant K-8 students and replace them with supportive responses, drew broad support from education and justice advocates but no opposition testimony; it was also passed to Appropriations and left on call pending one more vote. ACR 60, recognizing the Downey Police Department’s special-needs communication program for interactions with people with disabilities or sensory challenges, was adopted unanimously.
The committee then heard AB 746 on creating an inmate cooperative program and a green reentry reserve for incarcerated workers. Supporters said it would build job skills, dignity, and reentry success; there was no opposition testimony. The bill passed to Appropriations and was left on call pending votes. Finally, AB 379 on human trafficking drew strong support from survivor advocates, law enforcement, and local officials for creating a survivor services fund and targeting buyers, but also strong opposition from survivors and civil liberties groups who warned it would criminalize vulnerable people and revive harmful loitering enforcement. The committee discussion continued with members weighing survivor support, public safety tools, and concerns about the bill’s amendments and scope.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Thursday, March 19, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- China can look at our debt accounts and can ask for payment on those bonds at any time.
- Our debt gets worse every day.
- recently hit 39 trillion dollar in debt recently hit 39 trillion dollar in debt in<02:31:12.880>
- The fact of the matter is there's a way you're not going to pay off the debt.
- growth of our debt. growth of our debt.
MN
Minnesota 2025-2026 Regular Session
Going after late fees charged by utilities 3/10/26
Minnesota House Floor Meeting
Transcript Highlights:
- Um, and that becomes bad debt that then gets passed on to all of the other ratepayers of that utility
- Um and that that<00:04:43.120>
becomes <00:04:43.360>bad <00:04:43.600>debt <00:04 - :43.759>
that <00:04:44.000>then <00:04:44.160>gets that becomes bad debt that then - gets that becomes bad debt that then gets passed<00:04:44.639>
on <00:04:44.800>to <00:
Summary:
The committee heard House File 3912, as amended, and the author moved that the bill be laid over for consideration in a future omnibus bill. The amendment was adopted without objection. Representative Holland described the bill as an energy affordability measure that would bar utilities from charging certain fees during the cold weather rule for customers above 50% of state median income, prohibit reconnection fees after shutoff for nonpayment, and create a framework for regulating late fees. He argued that late fees are often high, compound monthly, and disproportionately burden low-income households, citing utility debt and disconnection figures and noting that the need for relief is concentrated in greater Minnesota.
Annie Levenson Faulk of the Citizens Utility Board supported the bill, saying reconnection fees and late fees fall on households already struggling to pay for essential service. She said reconnection fees should be treated as part of the cost of doing business and that late fees should be limited to a reasonable approximation of actual carrying costs, with protections for low-income customers. She also said the issue is already being considered in utility rate cases before the Public Utilities Commission, but that legislative action is still appropriate.
Nick Martin of Xcel Energy and Katherine O'Donnell of CenterPoint Energy opposed the bill in its current form while emphasizing their companies’ commitment to affordability and customer assistance. Xcel said the bill would shift reconnection costs to other customers and could undermine a proposed arrears management program funded by late payment charges; Xcel also noted that the PUC is already reviewing these issues in its rate case. CenterPoint said it already offers extensive outreach, payment plans, and assistance programs, does not charge late fees once a customer is on a payment plan, and that its reconnection fee does not fully cover costs. After testimony and brief discussion, the chair noted the helpful information from utilities, the author said he was open to further work on the bill, and the bill was laid over.
MN