UTILITIES-REGULATORY TAKINGS

Summary

The bill adds a new section to the Public Utilities Act that forces every gas‑related decarbonization pilot, pathway, or infrastructure plan to undergo a Regulatory Takings Assessment before approval. An independent third party conducts the assessment, which is then reviewed by intervenors and stakeholders to see if the plan would deprive owners of the economic use of existing gas assets without fair payment. Any mandate that could cause a taking equal to 80% or more of the assets’ depreciated value would be blocked.

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