Bill > HB1027

This bill allows local governments in Georgia, specifically counties and municipal corporations, to enter into longer-term contracts for the sale of electric power, as well as natural gas and water utility services. Previously, these contracts were generally limited to ten years, but this bill extends that limit to twenty years for contracts involving solar or wind utility services, or for the sale of electric power that has been reviewed and approved by a superior court judge for reasonableness and enforceability, a process known as validation. The bill also requires that any contract longer than two years include provisions for adjusting rates based on inflation or deflation, and that all contracts include clauses allowing the local government to be relieved of its obligations in cases of war, natural disaster, or other emergencies that make compliance impossible or create a significant financial burden.

Government Affairs

https://www.legis.ga.gov/legislation/72357