Relating to performance-based regulation of electric utilities.
Catchline/Summary:
Directs the Public Utility Commission to adopt not later than January 2, 2027, a framework for carrying out performance-based regulation of electric utilities. Digest: Tells the PUC to reward or penalize power companies based on how well the companies meet certain metrics. Tells the PUC to report on how well the companies are doing. (Flesch Readability Score: 70.3).
Directs the Public Utility Commission to adopt not later than January 2, 2027, a framework for carrying out performance-based regulation of electric utilities. Requires the use of incentives and penalties to induce electric utilities to bring electric utility operations in line with the public interest and certain objectives. Declares a public interest for purposes of the Act.
Requires the commission to provide a report on the framework adopted by the commission to the interim committees or committees of the Legislative Assembly related to energy not later than March 15, 2027.
Requires the commission to provide a report on the progress and effectiveness of using performance-based regulation to the interim committees or committees of the Legislative Assembly related to energy not later than November 15, 2028.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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