A bill to provide for disaster assistance for power transmission and distribution facilities, and for other purposes.
Ratepayer Recovery Act of 2008 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to cite conditions under which the President is authorized to make disaster assistance contributions for the repair, restoration, reconstruction, or replacement of private or investor-owned power transmission and distribution facilities damaged or destroyed by a major disaster.
Cites conditions for large in-lieu contributions to a private or investor-owned power facility if the owner determines that the public welfare would not best be served by repairing, restoring, reconstructing, or replacing the facility.
Restricts the use of such funds to the area affected as a result of the major disaster.
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Committee on Homeland Security and Governmental Affairs referred to Subcommittee on Disaster Recovery.
Introduced in Senate
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
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