195b

In matters related to the purchase of electricity and fuel and the handling thereof, the Board is hereby directed to:(a) Evaluate, by contracting an independent consultant or consultants with expertise in the fields of fuel and electricity as well as electrical system management, and make recommendations for the creation and implementation of one or more alternatives to design an administrative and operational structure to achieve the following purposes:(1) Guarantee transparency, prevent conflicts of interests, meet industry standards, and promote competitiveness;(2) Separate the administrative control from the purchase of fuel and electricity; and(3) Separate the Energy Control Center created pursuant to §§ 195a of this title.(b) Submit to the Legislative Assembly and the Governor, along with a copy to the Energy Commission, a report on its recommendations, work plan, and schedule, not later than November 30th, 2016.(c) Such recommendations may include the creation of an independent government entity, which may be a subsidiary, pursuant to the powers vested in the Authority in subsection (v) of § 196 of this title.(d) The recommended structure may not be contrary to the

ependent government entity, which may be a subsidiary, pursuant to the powers vested in the Authority in subsection (v) of § 196 of this title.(d) The recommended structure may not be contrary to the Authority’s current agreements under the Trust Agreement entered into with the bondholders, and agreements related to the fuel line of credit, both of which are in effect as of the date of approval of the 'Electric Power Authority Revitalization Act', unless said agreements are amended to allow for such structure.(e) If no additional legislation is needed, the Authority shall implement the recommendation adopted in accordance with the work plan and schedule proposed therein. History —May 2, 1941, No. 83, p. 684, added as § 5-B on Feb. 16, 2016, No. 4, § 7.