Bill > S1918

This bill amends Section 38A of Chapter 59 of the General Laws to require the Commissioner to promulgate regulations to reclassify inventory reporting and assessment procedures conducted by natural gas transportation corporations or limited liability companies in municipalities that contain a natural gas compressor station. The regulations must require assessments to differentiate the value for allocation between pipelines and compressor station equipment, with the portion of the value assessed on compressor station equipment being allocated to the municipality based on its respective percentage of the gross investment for compressor station equipment. The Commissioner must also prescribe a manner for the allocations and expenditures of the funds received by a municipality containing a compressor station, and must promulgate all regulations and guidelines established in this section no later than December 31, 2024.