The American Public Power Association commented that conversion to secondary status would have a severe impact on the limited budgets of small, non-profit public utility systems.
Conversion to secondary status would have no effect on small non-profit utilities. 
mnli hypothesis: Conversion to secondary status would have no effect on small non-profit utilities.  premise: The American Public Power Association commented that conversion to secondary status would have a severe impact on the limited budgets of small, non-profit public utility systems.